$SPORTFUN — 🩸 Short — Fading the relief rally!
Entry: 0.03704
TP: 0.03554
SL: 0.03779
Insight
#SPORTFUN is hitting a wall at the $0.037 resistance as the mid-February momentum from its "Polymarket-powered" prediction market launch begins to cool. Despite a decent bounce, the broader market remains in "Extreme Fear" (Index at 9) with Bitcoin struggling to hold 68k. Technically,
#sportfun is printing lower highs on the 1-hour chart, suggesting this recent move is just a bearish pullback. Expect a slide back toward the $0.0355 support as profit-taking outweighs new buyers in this heavy environment.
Don't get trapped in the fake-out—follow for the trend continuation!
$PIPPIN $RAVE