$SPORTFUN
— Stabilizing Above Key Support
$SPORTFUN is currently trading around 0.1158, maintaining its recent gains after a period of sharp volatility and quick recovery. The price has bounced back above the 0.112–0.113 zone and is now consolidating just below short-term resistance. On the 1-hour chart, the structure looks healthy, with higher lows forming following the earlier capitulation wick.
Potential Trade Setup:
Entry Zone: 0.1135 – 0.1165
Target 1: 0.1215
Target 2: 0.1265
Target 3: 0.1320
Stop Loss: 0.1085
The rebound from the 0.095–0.100 support area indicates strong buying interest on dips. The current sideways movement above 0.113 suggests absorption rather than selling pressure.
A break and hold above 0.120 accompanied by volume could signal a continuation toward the upper targets. As long as the price stays above key support, the bullish recovery remains intact. Traders should anticipate volatility and manage risk accordingly.