for a beginner that want to keep long term maybe this coin have a chance to be learn from
but I am more than agree for what UB DeCrypto warning in article above
warning for $FUN
FUN COIN---- NO FUN FOR SHORT TRADERS
With fun coin gaining people interest due to it's sudden increase in price, many people got trapped in fun.
There are some people who like to short anything that's going up. I've seen some so called expert traders who give signal of short to any coin that's gone up. That's not how things work in crypto.
Anything that goes up at this speed will consolidate but when it will, you can't tell. You can't just short a coin which is in uptrend. Moreover the funding fees on this coin is extremely high which means it squeezes the short traders giving this fees to long positions. I've seen this coin becoming a nightmare for many, liquidating a lot of accounts.
Always look at the funding rate before taking a position in a coin. Even now this coin is down a bit, if we still try to take short position, the funding fees will squeeze us out so there's no point. I would say avoiding this coin would be very crucial if you want to protect your capital.
With fun coin gaining people interest due to it's sudden increase in price, many people got trapped in fun.
There are some people who like to short anything that's going up. I've seen some so called expert traders who give signal of short to any coin that's gone up. That's not how things work in crypto.
Anything that goes up at this speed will consolidate but when it will, you can't tell. You can't just short a coin which is in uptrend. Moreover the funding fees on this coin is extremely high which means it squeezes the short traders giving this fees to long positions. I've seen this coin becoming a nightmare for many, liquidating a lot of accounts.
Always look at the funding rate before taking a position in a coin. Even now this coin is down a bit, if we still try to take short position, the funding fees will squeeze us out so there's no point. I would say avoiding this coin would be very crucial if you want to protect your capital.
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FUN
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