$FUN showed a sudden bounce. What does it mean? Is it going to rise like before or its just a temporary jump?
On the 1-hour chart FUN is still trapped under its EMA 99 (~$0.01204), despite a strong short-term bounce from $0.01090. The broader trend remains bearish, but momentum (15 m MACD & RSI) is flashing an oversold relief rally.
Bearish → Buy on the Next Bounce
Because the down-trend in higher EMAs hasn’t reversed, I’m looking to pick up FUN on a fresh pullback toward reliable support levels:
Safe Buy: $0.01085 – 0.01090
– Right at yesterday’s 1 h swing low.
– Stop-loss below $0.01070.
Moderately Risky Buy: $0.01100 – 0.01105
– A retest of the 15 m EMA 25 (currently ~$0.01105), with room to catch early strength.
– Stop-loss under $0.01085.
Aggressive Buy: $0.01120 – 0.01125
– Chasing a lift through the 15 m EMA 99 ($0.01134 on a higher time-frame pull).
– Tight stop just under the 15 m EMA 25 ($0.01105).
Scale-Out (Sell Zones)
Once entered, layer exits as FUN stalls:
Safe Sell: $0.01175 – 0.01180
– Near the 15 m swing high at $0.011685 and under the 1 h EMA 25 (~$0.01137).
Moderately Risky Sell: $0.01200 – 0.01210
– Testing the 1 h EMA 25-99 zone; key battleground for trend continuation.
Aggressive Sell: $0.01230 – 0.01240
– Up toward the underside of the long-term EMA 99 (~$0.01204) plus round-number resistance at $0.01250.
Why this setup?
The 1 h EMAs are still sloping down (bearish), so we’re not chasing; we wait for a wetter dip into support.
15 m momentum is strong, suggesting relief rallies can run into those sell targets.
Layering buys/sells and tight stops under structural lows protects capital if the down-trend resumes.
Trade safe, scale in, scale out, and adjust stops if momentum shifts back toward a sustained bullish break! DYOR and Inshaallah we will make profits.
