In the overall market downturn, there are always one or two low market cap altcoin options that rise to sell off, and FUN is one of them!
$FUN rose from 0.0032 to a maximum of 0.0143, an increase of more than 3 times. Such low market cap and highly controlled coins attract retail investors' attention when the market is bad, but the sustainable time will definitely not be long. The main trader will throw most of the chips to retail investors and then start a drastic decline. During the rise, they harvest the short positions 【Funding Rate -0.959%】, and during the decline, they harvest the long positions for a double kill of both sides.
For this type of coin, do not chase for now and do not trade contracts. Wait for the downtrend to be confirmed, then it would be more prudent to short against the trend of #siren !
