FUN/USDT – Impulsive Structure Nearing Exhaustion ABCDE Pattern
📊 **Technical Breakdown:**
1. **Elliott Wave ABCDE Structure Clearly Completed**
The market has formed a clean **ABCDE impulsive wave**, with wave **E** reaching a key liquidity and resistance zone around **0.0088 USDT**. This zone has historically been a point of seller aggression and potential reversal.
2. **Stochastic RSI Bearish Divergence**
Momentum indicators on the Stochastic RSI show weakening bullish strength and a potential bearish crossover forming—signaling a short-term top might be in place.
3. **High Probability Reversal Zone**
* **Sell Zone (Wave E):** 0.0081 – 0.0088 USDT
* **Take Profit 1 (TP1):** 0.00686 USDT
* **Take Profit 2 (TP2):** 0.00553 USDT
* **Stop Loss (SL):** 0.0089 USDT
4. **Risk-to-Reward Ratio:**
A sharp **2.59 R/R ratio** gives this trade an attractive reward potential for intraday scalpers or short-term swing traders.
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### 🧾 **Professional Conclusion:**
The ABCDE structure has reached its maturity point, aligning with overbought indicators and resistance confluence. A short opportunity is shaping up with a favorable R/R ratio, offering clean targets on the downside.
> *"In parabolic moves, timing the reversal is the edge. Don’t chase green candles—position where the smart money exits."* 🔻
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.