Current Situation on SIGN
The SIGN coin has shown growth, but despite this, I would not enter a position on futures right now. The reasons are as follows:
1. Unstable Trend: Although the price has risen by 23%, there are currently no clear signals for the continuation of this trend. If a downward movement begins, one could end up in a losing position.
2. Indicators: RSI and MACD do not provide clear entry signals. The RSI is not in the oversold zone, and the MACD does not show a clear divergence. This means there are no strong confirmations for a long position.
3. Support and Resistance Levels: The price is close to potential resistance levels. A breakout of these levels could signal a continuation of the rise, but there is still a risk of a rebound and decline.
4. Trading Volume: Currently, the volumes do not confirm a sustainable upward trend, which also creates additional risks.
Conclusion: At this moment, it is not advisable to enter a position. The market is still unstable, and it is more important to wait for clearer signals for a confident entry.