$GUN has fallen 96% from its yearly high. Saying it’s been cut in half would be giving it too much credit—it’s been ripped out by the roots. Anyone still holding it has to take a deep breath before opening the app.
I’m pretty hopeless too. A coin that’s fallen this far and can’t even get a mention at the tail end of the trending topics—and yet I can’t take my eyes off its chart when I scroll down to the bottom.
There is actually a bit of movement on the chart. When it broke below 0.001677, it should’ve plunged straight through, but a few days later it climbed back above the line. It swept the stop-losses, then pulled back—that’s nothing new. The next drop came on 60% less volume; the people who wanted out were clearly getting worn out.
As long as it holds 0.001586, this bottom area can still stand. Looking up, the first level to watch is 0.001802. I wouldn’t dare say this is the bottom, but the selling pressure has definitely eased.
I’ll watch this level with you.
I’m pretty hopeless too. A coin that’s fallen this far and can’t even get a mention at the tail end of the trending topics—and yet I can’t take my eyes off its chart when I scroll down to the bottom.
There is actually a bit of movement on the chart. When it broke below 0.001677, it should’ve plunged straight through, but a few days later it climbed back above the line. It swept the stop-losses, then pulled back—that’s nothing new. The next drop came on 60% less volume; the people who wanted out were clearly getting worn out.
As long as it holds 0.001586, this bottom area can still stand. Looking up, the first level to watch is 0.001802. I wouldn’t dare say this is the bottom, but the selling pressure has definitely eased.
I’ll watch this level with you.
