FUN is currently playing high-altitude tightrope walking around $0.0065. The four-hour chart shows a massive bullish candle piercing through the BOLL upper band at $0.0067, reaching a high of $0.00699 before immediately performing a high dive—typical tactics of a dog trader pulling up the market to sell off. The MACD's golden cross looks impressive, but the DIF and DEA are hovering around $0.0008, and the red bars suddenly shrink to toothpicks—it's clear that the main force is inducing buying to wash out the market.
The explosive trading volume data is fabricated! The actual trading volume is $102 million, which is indeed an increase compared to the 20-day average of $68 million, but on-chain data shows that 70% of the transactions are concentrated in Binance's wash trades, creating a false sense of prosperity. The key resistance level at $0.007 is like three layers of coffin boards—on March 28, 30, and April 1, three attempts to spike were all stopped at this level, and on-chain monitoring indicates a massive sell order of 23 million FUN above $0.007. The level at $0.0062 is not support but a minefield; when it spiked to $0.0061 early this morning, it triggered 2.7 million stop-loss orders, and the dog trader's liquidation machine is already set up.
The news front is as cold as ice, but Sun Yuchen's like on a FUN tweet last night sparked speculation that TRON’s funds might come to ride the wave. Technically, the massive wash trades + key resistance pressure + MACD divergence form a deadly combination; chasing the rise in this market is a surefire way to lose. There are two strategies: either wait for a pullback to $0.0063 to take a small position or stop-loss immediately if it falls below $0.006; or wait for the dog trader to go crazy and break through $0.007 to chase the rise and grab a sip of soup. Remember, the dog trader's bullish candles are wrapped in sugar-coated bombs; even when it spikes to $0.0058 in the early morning, don’t get too excited—staying alive is key to benefiting from Sun's next wave of operations!
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