$FUN is bleeding out. The floor is about to give way.
$FUN is losing momentum near resistance — and sellers are tightening control.
$FUN – SHORT
Trade Plan:
Entry: 0.001334 – 0.001340
Stop-Loss: 0.001352
TP1: 0.001323
TP2: 0.001282
TP3: 0.001250
Why this setup?
On the 1H timeframe, the bias remains bearish. The recent bounce lacks strength, with price facing immediate rejection around MA(7) near 0.001336. Buyers are struggling to build momentum above short-term resistance.
The broader 180-day trend remains heavily negative (-85%+), confirming long-term structural weakness. Increased volume on red candles near the 24H high suggests active distribution rather than accumulation.
If price fails to hold above the 0.001334–0.001340 zone, a move toward MA(25) support (TP1) becomes likely. A clean breakdown below 0.001282 could accelerate downside toward 0.001250.
Invalidation occurs above 0.001352, where short-term structure would begin shifting.
Debate:
Is this a shallow pullback before continuation upward — or the beginning of another move toward yearly lows?
Stay disciplined. Follow structure. Manage risk.
#HadiaBTC #fun