Momentum slowing down after rejection strong resistance holding sellers stepping in
$FUN
Direction: SHORT
Trade Plan:
Entry: $0.00132 – $0.00134
Stop Loss: $0.00137
Targets:
TP1 $0.00128
TP2 $0.00124
TP3 $0.00120
Why this setup:
Multiple rejections from resistance zone with lower highs forming indicating bearish pressure building
Debate:
Will $FUN break down from current support or bounce again for another range move
Buy and Trade $FUN
$FUN
Direction: SHORT
Trade Plan:
Entry: $0.00132 – $0.00134
Stop Loss: $0.00137
Targets:
TP1 $0.00128
TP2 $0.00124
TP3 $0.00120
Why this setup:
Multiple rejections from resistance zone with lower highs forming indicating bearish pressure building
Debate:
Will $FUN break down from current support or bounce again for another range move
Buy and Trade $FUN