$GUN /USDT – Bearish Reversal After Strong Breakout
Market Structure:
GUN printed a strong bullish breakout with an impulsive rally, but price faced sharp rejection near the 0.0255–0.0268 resistance zone. The failure to hold higher levels signals profit booking and a short-term bearish reversal from the top.
Price Action Insight:
Parabolic move followed by long upper wicks
Rejection from breakout highs indicating exhaustion
Price slipping back below breakout support → bull trap risk
Trade Setup (Short Scenario)
Entry Range:
👉 0.0228 – 0.0238 (pullback / retest zone)
Targets:
🎯 Target 1: 0.0210
🎯 Target 2: 0.0195
🎯 Target 3: 0.0178
Stop Loss (SL):
❌ 0.0268 (above rejection high)
Short Outlook:
As long as GUN stays below the 0.024–0.025 resistance zone, the bias remains bearish in the short term. A deeper pullback toward previous demand levels is likely before any healthy continuation. Bulls need a strong reclaim above 0.0268 to invalidate this setup.
