When opening an account, do you look first at positions or the waterfall? In the last 24 hours it dropped 15 points straight. This bearish candle isn’t a wash—it’s real money being used to sell.
$GUN dumped from 0.00379 to 0.00303, a decline of 15%. The key is that the trading volume amount of 176,000 corresponds to a volume expansion level, enough to confirm that the selling pressure is real, not fake. The current price of 0.00303 is just above the intraday low of 0.002806. It hasn’t broken down, but it also hasn’t regained ground—bulls aren’t taking action.
If you want to bet on a rebound, watch whether it can reclaim 0.0033. If it breaks, that’s confirmation of weakness. Set your stop loss below 0.0228; if it breaks here, the earlier bottom before this won’t be a bottom. After the weekend, once this weekly candle closes, before the close, keep an eye on the whole-number level of 0.0030—whether the bulls can hold on at the margin depends on it.
Go through those numbers in the main text on your own account. After you do, you’ll know whether this setup is worth acting on.
#GUN
$GUN dumped from 0.00379 to 0.00303, a decline of 15%. The key is that the trading volume amount of 176,000 corresponds to a volume expansion level, enough to confirm that the selling pressure is real, not fake. The current price of 0.00303 is just above the intraday low of 0.002806. It hasn’t broken down, but it also hasn’t regained ground—bulls aren’t taking action.
If you want to bet on a rebound, watch whether it can reclaim 0.0033. If it breaks, that’s confirmation of weakness. Set your stop loss below 0.0228; if it breaks here, the earlier bottom before this won’t be a bottom. After the weekend, once this weekly candle closes, before the close, keep an eye on the whole-number level of 0.0030—whether the bulls can hold on at the margin depends on it.
Go through those numbers in the main text on your own account. After you do, you’ll know whether this setup is worth acting on.
#GUN