$GUA is showing a bearish continuation after breaking below a key support zone, with sellers firmly controlling the market following a strong rejection from recent highs.
The price reacted sharply from a major supply area and failed to reclaim previous support, confirming that sellers remain dominant. Lower highs and lower lows continue to develop, while bearish momentum and sustained selling pressure suggest another continuation move is likely unless buyers recover the broken resistance.
Trade Setup
Entry: 0.03930 – 0.03980
Target 1: 0.03820
Target 2: 0.03680
Target 3: 0.03520
Stop Loss: 0.04120
How it's possible
The recent breakdown is supported by strong bearish candles and consistent selling pressure, showing that supply is outweighing demand. The previous support zone has turned into resistance, making any short-term bounce vulnerable to rejection. If volume remains in favor of sellers and price stays below resistance, the downtrend has a higher probability of continuing. Risk management is essential, and if the price closes above the stop loss, the bearish setup is invalidated and the trade should be exited to protect capital.
Let's go and Trade now $GUA
#USSenateNoClarityActVoteBeforeAugustBreak #GoldBreaksOutFromJanuaryDowntrend #USSolarStocksRisePremarket #TSEPlansReReviewForMajorBusinessChanges #GoldBreaksOutFromJanuaryDowntrend
The price reacted sharply from a major supply area and failed to reclaim previous support, confirming that sellers remain dominant. Lower highs and lower lows continue to develop, while bearish momentum and sustained selling pressure suggest another continuation move is likely unless buyers recover the broken resistance.
Trade Setup
Entry: 0.03930 – 0.03980
Target 1: 0.03820
Target 2: 0.03680
Target 3: 0.03520
Stop Loss: 0.04120
How it's possible
The recent breakdown is supported by strong bearish candles and consistent selling pressure, showing that supply is outweighing demand. The previous support zone has turned into resistance, making any short-term bounce vulnerable to rejection. If volume remains in favor of sellers and price stays below resistance, the downtrend has a higher probability of continuing. Risk management is essential, and if the price closes above the stop loss, the bearish setup is invalidated and the trade should be exited to protect capital.
Let's go and Trade now $GUA
#USSenateNoClarityActVoteBeforeAugustBreak #GoldBreaksOutFromJanuaryDowntrend #USSolarStocksRisePremarket #TSEPlansReReviewForMajorBusinessChanges #GoldBreaksOutFromJanuaryDowntrend
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