FUN skyrockets 44%! Bull market frenzy or bubble burst? Seize the retracement opportunity, beware of overbought risks!
Current FUNUSDT price is 0.004947, 24-hour increase of 13.96%, trading volume is stable with a slight increase, but RSI 67.78 shows overbought signs, market is in the mid-phase of a bull market. Short-term recommendation is to buy on dips, entry point 0.0048, target 0.0057, stop loss 0.0045, profit-loss ratio 3:1. Risks: High RSI, declining positions, and liquidity selling pressure, if it falls below 0.0045, the strategy becomes invalid.
Technical analysis
1. Price status:
• Bollinger Band position is 60.76% (current price 0.004947, upper band 0.005739, lower band 0.003719), showing price is between the middle and upper bands, upward potential but close to the overbought area.