Based on the price chart of GUN/USDT on Binance, here are some key points to develop a trading strategy:
1. Overall Trend
Current Price: 0.06137 (-36.28% in 24h) → Very strong downtrend.
Lowest Price in 24h: 0.05967, the current price is very close to this level, indicating high selling pressure.
Highest Price in 24h: 0.09657, meaning the price has dropped sharply from a high to a low of nearly 40%.
EMA(7) = 0.06197, EMA(25) = 0.06518, EMA(99) = 0.07706 → The price is below all EMA lines, confirming the downtrend.
2. Trading Volume & OBV
Trading volume in 24 hours is 1.94B GUN and 147.88M USDT, but the price continues to decline, proving that selling pressure still dominates.
OBV (-419M) continues to decrease, indicating that outflows are greater than inflows.
3. Trading Strategy
Short Order (Priority - according to the main trend)
Entry Point: If the price retraces to the range of 0.062 - 0.065, this could be an opportunity to enter Short according to the downtrend.
Stop Loss: If the price rises above 0.066, exit the position to avoid risk.
Take Profit: Range 0.059 - 0.055, if the price continues to drop sharply it could go down to 0.050.
Long Order (High risk - only consider if there are signs of reversal)
Entry Point: Should only Long if there is a reversal pattern or the price breaks above EMA(25) at 0.066.
Stop Loss: If the price drops to 0.059, exit the position immediately.
Take Profit: If the price rises to 0.070 - 0.075, consider taking profit.
Conclusion
The main trend is still down, so Short orders will have a higher probability of winning. If the price retraces to resistance levels, consider entering Short to take advantage of the downtrend. Long orders should only be considered if strong reversal signs appear.