$GUN lining up for the next move—breakout continuation or failed rally?
$GUN is currently holding steady at $0.05689 after a solid leg up. The bulls are consolidating near the highs, suggesting strength, but any rejection from here could flip momentum quickly. The price is sitting above a recent breakout level—now it’s a wait-and-see moment.
Key Levels to Watch
Resistance:
• $0.0580 – Local top tested multiple times
• $0.0600 – Psychological breakout level
• $0.0620 – Next leg if momentum expands
Support:
• $0.0560 – Recent breakout zone (flip zone)
• $0.0540 – First downside target if breakdown begins
• $0.0520 – Deeper flush support
Trade Setup
Bullish Entry:
• If price breaks and holds above $0.0580
• TP1: $0.0600
• TP2: $0.0620
Bearish Entry:
• If price drops below $0.0560 with volume
• TP1: $0.0540
• TP2: $0.0520
Stop-Loss Zones:
• Bulls: below $0.0560
• Bears: above $0.0580
The chart is primed for action. A clean breakout above $0.0580 could trigger another wave, but any weakness below $0.0560 may invite aggressive sellers. Let price lead the way—wait for confirmation before jumping in.