Technical analysis by AltcoinPiooners about Symbol FUN: Sell recommendation (14 hour ago)

FUNUSDT Take Profit (TP) Levels: TP1: 0.011534 USDT TP2: 0.010879 USDT TP3: 0.010419 USDT TP4: 0.008420 USDT Stop Loss (SL): Set at 1.272 Fibonacci (likely a typo or misplacement, as it seems unusually high compared to the price range; it might be intended as 0.013428 USDT or another value relative to the entry). DCA (Dollar Cost Averaging): Marked at 1.135 Fibonacci (again, possibly a typo; likely meant to be 0.012894 USDT or similar). Price Trend: The price has been in a downtrend until recently, with a noticeable upward movement around the entry point, suggesting a potential reversal or breakout. Support and Resistance: The entry zone appears near a support level, with resistance levels aligning with the TP targets. RSI AnalysisThe RSI is currently at 85.11, indicating that the asset is in the overbought territory (above 70). This suggests a strong upward momentum but also a potential for a reversal or pullback soon. Historically, the RSI has fluctuated between oversold (below 30) and overbought levels, with a recent sharp increase, supporting the price breakout. InterpretationThe trading strategy seems to be a long position with multiple take-profit levels, aiming to capitalize on a potential upward trend. The high RSI value suggests caution, as overbought conditions might lead to a correction. Monitoring for bearish reversal signals (e.g., divergence or candlestick patterns) would be prudent. The SL and DCA levels need clarification, as their current values appear inconsistent with the price scale.TP 1 FILLED +7.51% PROFITTP 1 & 2 & 3 FILLED +17.23% PROFIT