$GUN GUN/USDT TRADE SETUP
Scalping Opportunity with Bounce Potential
📉 Price: $0.04348
📌 Trade Plan
Entry Zone:
➤ $0.0425 - $0.0432 (accumulation zone near local low and oversold RSI)
Stop Loss:
➤ $0.0398 (below previous support & Wm%R extension)
Take-Profit Targets:
1️⃣ TP1: $0.0465 (short-term EMA retest)
2️⃣ TP2: $0.0500 (prior consolidation zone)
3️⃣ TP3: $0.0560 (local high)
📈 Risk-Reward Ratio
✔️ RRR: 1:2.1 to 1:3.5 depending on TP hit
Favorable setup for short-term bounce play with defined downside risk.
🔍 Technical Breakdown
Market Structure Shift:
↘️ Currently in a strong downtrend but showing early accumulation signs after a heavy volume spike and rebound wick.
Key Support:
$0.0420 – historical bounce zone
$0.0300 – major support from initial drop
Key Resistance:
$0.0485 – EMA cluster (7, 25, 99)
$0.0560 – recent local high rejection
Volume Profile:
Spike in buy volume near $0.043 suggests buyer interest
Low-volume zones between $0.045 - $0.050 could be filled quickly on upside movement
Indicators:
RSI(6): 15 – deeply oversold
Wm%R(14): -97 – maximum oversold condition
EMAs are trending down but flattening out, showing momentum loss in the dump
⚙️ Trade Management
Move SL to break-even at TP1
Trail stop below each EMA cluster as TP levels get hit
Monitor for bullish engulfing candles or volume breakout over EMA99 (~$0.052) for added confirmation
Avoid holding if BTC/ETH show weakness
✍️ Final Thoughts
Bias: ⚠️ Cautiously Bullish (Short-term)
This is a high-risk bounce play off major oversold levels.
The downside may be limited here, but trend remains bearish unless EMA clusters are reclaimed.
Risks:
Bearish macro trend
Potential fakeouts if BTC drops
Trade safe & stick to your plan!
Let the chart do the talking and your SL do the walking.
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