$GUN Coiling Up – Breakout Ready or Just Sideways Noise?
$GUN is trading at $0.06252, forming a tight consolidation right below resistance. With a modest bounce from $0.05992 and volume starting to tick up, traders should prepare for a potential breakout or rejection move.
Key Levels to Watch:
Resistance Zones:
• $0.06350 – Local breakout level
• $0.06483 – 24H high and upside trigger zone
Support Zones:
• $0.06120 – First intraday support
• $0.05992 – 24H low and key downside level
Trade Setup – Breakout or Breakdown Ahead:
Bullish Entry:
A breakout above $0.06350 with strong volume could lead toward:
• TP1: $0.06480
• TP2: $0.06800
Bearish Entry:
A failure to hold above $0.06120 might invite selling pressure toward:
• TP1: $0.06000
• TP2: $0.05900
Stop-Loss:
• Long SL: Below $0.06100
• Short SL: Above $0.06360
$GUN is compressing in a tight range—watch for a breakout candle or rejection wick to confirm direction.