🚨 $FUN /USDT ALERT: Critical Momentum Zone on the 15-Minute Chart 🚨
FUN/USDT has surged significantly, showing upward momentum with a 24-hour high at 0.007100 after a bullish breakout from the 0.004190 support. However, the price is currently consolidating near 0.005796, signaling potential for another volatile move. The market is gearing up for either a further breakout or a retracement.
Key Levels to Watch:
Current Price: 0.005796
Entry Price for Long: 0.005800
Entry Price for Short: 0.005700
Critical Levels:
Resistance:
1st Target: 0.006200
2nd Target: 0.006800
3rd Target: 0.007100
Support:
Initial Support: 0.005400
Stop Loss: 0.005300
Trade Plan:
1. For Long Positions:
Enter at 0.005800 with targets at 0.006200, 0.006800, and 0.007100. Place a stop loss at 0.005300 to manage risk.
2. For Short Positions:
If the price drops below 0.005700, consider shorting toward the 0.005400 support with tight risk management.
Cautionary Note:
FUN/USDT is showing high volatility, so traders must monitor price action closely. A breakout above 0.007100 could indicate a continuation of the bullish trend, while a failure to hold above 0.005400 might lead to further declines. Manage your trades wisely and use stop-loss orders to limit potential losses.
