šØĀ $FUN Trade Idea ā The Calm Before the Storm?Ā šÆ
The #Funusdt chart is lookingĀ anything but boringĀ right now ā and smart traders are watching closely. Here's what we see on theĀ 4H chart:
š¹Ā Accumulation Zone:
Price is grinding sideways in a tight consolidation range aroundĀ 0.0093 USDT, forming a potential accumulation zone. Volume has dried up, but that silence? Itās often a prelude to somethingĀ explosive.
š¹Ā Key Resistance Areas:
First hurdle:Ā 0.011000
Major breakout zone:Ā 0.013000
Moon mission:Ā 0.016202Ā š
Break through these and we could see aĀ trend reversalĀ begin to unfold.
š¹Ā MA Pressure:
TheĀ 50 EMA (blue)Ā andĀ 200 EMA (red)Ā are both sloping down, pressing down on price. But hereās the kicker ā price is hovering just below these MAs. A bullish cross & flip? That would be your golden entry confirmation. š #FunFair
š¹Ā Risk Management:
š Stop-loss:Ā 0.007285Ā ā safely below support.
š TP zones: 0.011 ā 0.013 ā 0.016+
Risk/Reward? Looking juicy. š
š®Ā Bias:Ā Cautiously Bullish
If volume picks up and we break through the moving averages, expect aĀ short squeezeĀ to send #fun flying. But keep an eye on BTC ā macro moves could make or break this setup.
šĀ Not Financial Advice ā Just Chart Vibes.
DYOR, set your alerts, and let the charts guide you. š§ š¹
