📉 $FUN – Bearish Pressure Mounting at Key Level
Current Price: $0.01229 (–6.32%)
— Breakdown Alert: After rejecting from the weak high at $0.0155, price has entered a descending structure with lower highs and is now hovering just above the key $0.01262 support.
— Structure Shift: Price is showing signs of weakness after a parabolic move, with Fair Value Gap (FVG) below still unmitigated, suggesting price may seek liquidity lower.
— Bias: Bearish, as long as price remains below $0.0130–$0.0132.
— Breakdown Confirmation:
• A candle close below $0.0126 could lead to a drop into the FVG zone near $0.0105–$0.0110
• Further downside could extend toward the strong low at $0.0087
— Invalidation Level (SL): Above $0.0133
— Target Zones:
• TP1: $0.0112
• TP2: $0.0090
Let the lower highs guide the bias — until structure flips, short rallies are likely sell opportunities.
