$FUN /USDC BEARISH PRESSURE – SELLERS DOMINATE NEAR SUPPORT
$FUN /USDC is trading at 0.001242, pressing its 24h low after a -9% drop. Price remains below MA7 (0.001262), MA25 (0.001287), and MA99 (0.001347), confirming strong bearish alignment across short and mid-term timeframes. MACD is negative (DIF below DEA), signaling sustained downside momentum. Attempts to reclaim 0.001262–0.001287 resistance are likely to fail, keeping the path toward lower support clear.
🔎 Trade Setup
Entry Zone: 0.001245 – 0.001260 (Rejection near MA cluster)
Take Profit 1: 0.001220
Take Profit 2: 0.001195
Take Profit 3: 0.001160
Stop Loss: 0.001285
Ideal positioning comes from a weak bounce into MA7/MA25 resistance before continuation lower.
📊 Short Market Outlook
Trend shows lower highs and compression near key support. Immediate support sits at 0.001242; a breakdown opens room toward 0.001220 and deeper liquidity near 0.001195–0.001160. Resistance cluster between 0.001262–0.001287 remains strong. As long as price trades below MA99 (0.001347), bearish bias is intact.
Momentum favors sellers until a decisive reclaim above 0.001347 shifts structure.
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