High-Risk, High-Reward Setup in Motion!
The bears just dragged $FUN down -7.51%, but this could be the perfect pullback opportunity for sharp traders! Price is hovering around 0.005416, setting up a potential bounce off support. The recent volatility has opened the doors for a well-defined short-term scalp play.
Trade Setup:
Entry: 0.005416
Target: 0.005689
Stop Loss: 0.005165
Risk-Reward Ratio: 1.34
Technical Insight:
Strong rejection candle from higher resistance levels and a lower high forming. If bulls reclaim the 0.00542 zone with volume, a breakout to the upside could follow. Watch the candle close!
Pro Tip: Set a tight stop and don’t overleverage – volatility is your best friend if you respect the levels.
