$FUN /USDT Technical Analysis Update
📊 Current Price: $0.005457
🔼 24h Change: +22.96%
📈 Volume (24h): 4.06B FUN
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Technical Levels and Targets:
1. Target 1 (Achieved): $0.00570
FUN surged past this level with strong bullish momentum but retraced after hitting resistance.
🔹 Action: Lock in partial profits at this level and adjust stop-loss to secure gains.
2. Target 2: $0.00650
The next significant resistance lies at $0.00650, supported by prior price rejections. This level may act as a critical barrier to the uptrend.
🔹 Strategy: Monitor for a sustained breakout with increased volume before entering additional positions.
3. Target 3: $0.00700+
A breakout above $0.00650 could lead to a retest of the recent high around $0.00700 or higher. This aligns with psychological resistance and Fibonacci extensions.
🔹 Plan: Prepare to secure profits as the price approaches this level, as volatility may increase.
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Technical Indicators:
Momentum: Strong bullish continuation on shorter timeframes.
Volume: Elevated, indicating strong interest.
Support Zones: $0.00500 and $0.00450 (key retracement levels).
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Trade Recommendations:
Secure partial profits at each target level.
Adjust stop-loss levels to minimize downside risk.
Watch for confirmation of volume and momentum before entering new positions.