Hey #BinanceSquare community, let's break down this wild ride on the FUN/USDT 15-minute chart.
1. The Massive Spike: We saw a huge pump that sent the price rocketing up to ~$0.0140, showing strong initial buying interest.
2. The Cool-Off: Since that peak, sellers have taken control. The price has been trending down, forming lower highs, which is a bearish signal in the short term. $FUN
Key Levels to Watch NOW:
Crucial Support: The immediate support is the current consolidation zone around ~$0.0132. If this breaks, we could see a move lower.
Immediate Resistance: To regain bullish momentum, buyers need to push the price back above the ~$0.0138 resistance level. $FUN
My Take: The initial excitement has faded, and the chart is now in a short-term downtrend. I'm watching to see if buyers can defend the $0.0132 support to stop the bleed.
Click on $FUN to go straight to the live chart and see if it can find a bottom!
#FUNTOKEN #fun #trading #crypto
