$FUN surged 90 points in one day, breaking the previous high? Yesterday was still conservative!
As usual, analysis from the second chart shows that the first two major support points are around 0.84, so I was a bit conservative yesterday, targeting 0.8. I didn't expect it to surge directly by 190 points today! This indicates that the market makers have started to buy at the bottom. Overall, at around 20:00 yesterday, it was nearly at the lowest point. The market makers first tested for a few hours, and after stabilizing the emotions of retail investors, they decisively bought at the bottom, and the bullish forces instantly crushed the bearish ones!!
From the second five-minute chart, we can see that the bullish trend does not just crush everything; the bears also have places to turn around. Looking at the first four-hour chart, the new support point is 10 points higher than the previous support points, a typical rebound from the bottom! There will still be further increases ahead.
Currently at 0.0096, take profit at 5 points to 0.01 and look up to 0.011.
Stop loss at 4 points to 0.0093 and look down to 0.0091.
