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SPORTFUN has recently shown an interesting trend—breaking below a key level amid a significant increase in volume, forming a typical breakdown structure. From the market performance, selling pressure has consistently dominated, and each rebound is quickly suppressed.
From a technical perspective, this coin is currently in a clear weak state. Buying absorption capacity is evidently insufficient, with high trading volume accompanied by falling prices, which usually indicates strong market selling willingness. Looking downward, there is a lack of effective support levels below, and based on the energy release, there is still room for further decline.
The trading strategy is as follows: for short positions, establish shorts in the range of 0.0940 to 0.0960, with a stop-loss set at 0.1020 (this is rigid and must be executed). The first profit target is 0.0850; if it reaches there, the next target can be 0.0750.
The key is to wait until the price reclaims the key resistance above and shows genuine demand signals before considering that downside is the least resistant path.