$FUN on Thin Ice – Rebound or Breakdown?
FUN is stuck in a tight range after a sharp dip from $0.023. The current structure shows signs of accumulation, but bulls must reclaim $0.0202 to trigger a recovery bounce.
Key Levels to Watch
• Breakout Zone: $0.0202
• Support Area: $0.0193 – $0.0195
• Resistance Area: $0.0200 – $0.0204
Trade Setup
Bullish Rebound
• Entry: $0.0202
• Target 1: $0.0207
• Target 2: $0.0213
• Stop Loss: $0.0195
Bearish Breakdown
• Entry: Below $0.0193
• Target 1: $0.0187
• Target 2: $0.0178
• Stop Loss: $0.0200
FUN has taken a beating today but shows resilience above the $0.0193 zone. A clean breakout above $0.0202 could open the door for a short squeeze rally. Below $0.0193, though, more pain may follow. Watch volume closely.