⚡⚖️ Hold or Sell? $FUN /USDT Analysis🚀
Current Situation: FUN/USDT has seen a significant +21.03% gain, currently at $0.012091. The RSI (6) is high at 78.762810, indicating it's in the overbought region, which often precedes a price correction.
Support & Resistance:
Immediate Resistance: The 24h high of $0.012844 acts as the immediate resistance. Breaking this could lead to further upward movement.
Immediate Support: The recent low around $0.011233 (from the recent dip) and then the previous strong support around $0.008713 are key levels.
Hold or Sell? Given the overbought RSI, a short-term pullback is possible. If you're a short-term trader, consider taking some profits. For long-term holders, assess if the fundamental outlook remains strong, but be prepared for potential dips.
Stop Loss: To protect your capital, a crucial stop-loss level would be just below the immediate support at $0.011233. A break below this could signal a stronger downtrend.