Technical Analysis Report: $FUN /#USDT (1H Chart)
The recent 1-hour candlestick chart for FUN/#USDT🔥🔥🔥 reflects a strong bullish momentum, with a significant price surge of +47.47%, pushing the price to $0.007167. The asset has broken out convincingly above previous resistance zones around $0.0055 and $0.0061 with increasing volume, indicating strong buyer interest. The 24h high at $0.007294 is nearly being retested, suggesting that bulls are still in control and the momentum is intact. The consistent higher highs and higher lows validate a clear uptrend, while the price is currently trading above both short-term and mid-term moving averages, acting as dynamic support.
Trade Setup Recommendation:
1. Long Position Setup (Momentum Play): Entry near the current level of $0.0071–$0.0072 is reasonable if price consolidates without strong rejection. A breakout above $0.0073 with volume confirmation could signal a further rally toward $0.0078–$0.0082. Stop-loss should be placed below $0.0068 (recent consolidation zone), which is also the dynamic support from the EMA lines. Risk/reward ratio remains favorable if momentum continues.
2. Retracement Buy Setup (Pullback Strategy): If price pulls back toward the $0.0065–$0.0068 zone, this would be a potential re-entry area, offering a safer long opportunity as it coincides with previous resistance turned support. This level also aligns with a psychological zone and short-term moving average bounce areas, providing a cushion for reversal.
The reason long trades are currently more effective is the combination of high volume breakout, clear bullish structure, and strong upward volatility. The uptrend remains intact until price breaks below $0.0061, which would invalidate the bullish momentum and signal a possible trend reversal or deeper correction.
