๐ $FUN /USDT Technical Analysis โ 4H Chart ๐
Current Price: $0.005068
24H High: $0.005690 | 24H Low: $0.004964
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๐ข Long Trade Setup (Bullish Scenario):
Entry Zone: $0.00510 โ $0.00520
Target 1: $0.00540
Target 2: $0.00560
Stop Loss: $0.00490
Reasoning:
The price is currently consolidating near $0.00500. A breakout above $0.00510 with strong volume could signal a bullish move toward resistance at $0.00540 and $0.00560. Watch for increasing volume and higher lows to confirm momentum.
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๐ด Short Trade Setup (Bearish Scenario):
Entry Zone: $0.00500 โ $0.00495
Target 1: $0.00480
Target 2: $0.00460
Stop Loss: $0.00515
Reasoning:
If FUN fails to hold above $0.00500, the price may face downward pressure to test key support levels at $0.00480 and $0.00460. Rejection at resistance levels combined with low buying volume could confirm a bearish move.
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๐ Key Levels to Watch:
Resistance Levels: $0.00540 | $0.00560
Support Levels: $0.00500 | $0.00480
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๐ฎ Prediction:
Bullish Breakout ๐: A strong move above $0.00510 could push FUN toward $0.00540 and $0.00560.
Bearish Breakdown ๐: A drop below $0.00500 might see the price retest $0.00480 and possibly lower levels.
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โ ๏ธ Trading Tip: Monitor volume carefully and use stop-loss orders to manage risk. Look for breakouts or breakdowns with confirmation signals. ๐จ
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