Based on the analysis of the picture, it can be said that the current trend for the FUN/USDT currency is down (bearish), based on the following points:
The repeated red candles on the chart indicate that the price is declining.
The continuous decline in volume over time.
The MACD indicator below shows a negative crossover (the yellow line is below the purple), indicating the continuation of the downtrend.
The price is currently at 0.006032 after reaching 0.010217, which indicates a significant decline.
The current situation from the picture:
Current price: 0.006032.
The currency was at a peak of 0.010217, and it has now dropped by about 40%.
The overall trend is currently down, but the price is close to previous support (between 0.0053 and 0.0060).
The MACD and trading volume indicate weakness in momentum currently, but there may be a rebound soon.
Is it a good buying opportunity?
If you intend to hold long-term, this price is relatively good because it's low compared to the peak.
But since the current trend is still down, it's better to:
Buy a small portion now (for example, 25% of the amount you intend to invest).
Wait for upward signals or strong support (for example, a reversal candle, an increase in volume, or a positive crossover in MACD).
After that, you can continue buying in stages (called cumulative buying or DCA).
Additional advice:
Set a stop loss in case the price drops significantly (for example, below 0.005).
Monitor news or updates about the project (FUN) as they have a strong impact on the price.
#BinanceHODLerHYPER #BinanceAlphaAlert #USChinaTensions #BTCRebound #BNBChainMeme
