$FUN — Capitulation Drop, Bounce Setup Loading!
Long $FUN
• Entry: 0.0000605 – 0.0000618
• Stop Loss: 0.0000590
Targets:
• TP1: 0.0000650
• TP2: 0.0000700
• TP3: 0.0000750
FUN is sitting right on top of a key demand zone after a sharp -22% capitulation move. Price is currently defending the 0.0000600 area, which aligns with the daily low and a strong psychological level. The recent 1H candles are printing smaller bodies with multiple lower wicks, signaling seller exhaustion and potential buyer absorption at support.
After the earlier liquidity grab toward 0.0000853, the market went through a strong distribution phase. Now the structure suggests a mean-reversion bounce could be forming as selling pressure slows down while volume remains healthy.
The bullish bounce scenario remains valid as long as price holds above 0.0000590. A relief rally could push FUN first toward 0.0000650, then 0.0000700, with 0.0000750 as an extension if momentum returns.
Manage risk carefully and watch for a strong green 1H candle confirming the bounce from support.
Trade $FUN here 👇🏻
