🧠 FUN/USDT – Impulsive Structure Nearing Exhaustion (ABCDE Pattern)

Timeframe: 5-Minute | Exchange:Binance

Price Change:+53.41% |Pair:FUN/USDT

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📊 Technical Breakdown:

1. Elliott Wave ABCDE Structure Clearly Completed

The market has formed a clean ABCDE impulsive wave, with wave E reaching a key liquidity and resistance zone around 0.0088 USDT. This zone has historically been a point of seller aggression and potential reversal.

2. Stochastic RSI Bearish Divergence

Momentum indicators on the Stochastic RSI show weakening bullish strength and a potential bearish crossover forming—signaling a short-term top might be in place.

3. High Probability Reversal Zone

Sell Zone (Wave E): 0.0081 – 0.0088 USDT

Take Profit 1 (TP1): 0.00686 USDT

Take Profit 2 (TP2): 0.00553 USDT

Stop Loss (SL): 0.0089 USDT

4. Risk-to-Reward Ratio:

A sharp 2.59 R/R ratiogives this trade an attractive reward potential for intraday scalpers or short-term swing traders.

🧾 Conclusion:

The ABCDE structure has reached its maturity point, aligning with overbought indicators and resistance confluence. A short opportunity is shaping up with a favorable R/R ratio, offering clean targets on the downside.

In parabolic moves, timing the reversal is the edge. Don’t chase green candles—position where the smart money exits.🔻