The chart shows $SPORTFUN /USDT perpetual futures on Binance experiencing sharp volatility after a recent pump. Price spiked to highs around 0.12875 but has corrected aggressively, now trading at ~0.06889 — down over 20% in the recent session (from previous levels near 0.087+ highs in 24h). This represents a deep pullback from the peak, forming a clear downtrend with red candles dominating on the 1D/4H view.
Key indicators point to continued bearish momentum:
Heavy volume on the downside dump.
Price broke below recent supports, hovering near session lows (~0.06838).
Overall sentiment in this fresh listing token (launched mid-Jan 2026 with hype around on-chain fantasy sports) shows profit-taking after initial excitement.
Bearish Forecast – Short Opportunity!
Enter SHORT $SPORTFUN /USDT now around current levels (~0.0688–0.0690) for a potential continuation lower in this correction phase.
🎯 Take Profit Levels:
TP1: 0.0650 (first support zone)
TP2: 0.0600 (extended downside target)
TP3: 0.0550 (aggressive if momentum builds)
🛑 Stop Loss: 0.0725 (above recent minor swing high to invalidate the bearish setup)
Risk management: Use conservative leverage (5-10x max) on this volatile new perpetual — always DYOR and trade only what you can afford to lose. Momentum favors shorts while below 0.078–0.08 resistance.
Crypto moves fast — especially hot new listings like this fantasy sports gem! Jump in before the next leg down?
Trade $SPORTFUN /USDT Now! Follow & turn 🔔 on ✅ for more setups
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