$FUN / USDT (1H) — Rejection Pullback
Bias: Short
Entry (Zone): 0.001335 – 0.001360
Targets:
TP1: 0.001300
TP2: 0.001260
TP3: 0.001200
Stop Loss: 0.001430
Why this Setup:
$FUN rejected hard from the 0.00142 resistance and I’m seeing momentum flip after the bearish engulfing move, with price now sitting around ~0.001337 (current on chart). From my read, the structure is starting to print a lower high and sellers are keeping pressure on below the 0.00136 area, which sets up a clean short as long as that cap holds. If we continue to get rejection in the entry zone, I’m looking for a rotation back to 0.00130 first, then 0.00126, with 0.00120 as the deeper support target while invalidation stays above 0.00143.
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