a concise technical analysis and trade signal for $GUN 💯🔥

/USDT:

Technical Analysis:

Current Price: $0.06526 (up +13.93% in the last 24 hours)

Trend: Strong bullish momentum after rising from the 24h low of $0.05657.

Support Level: $0.06174 (from 1D low)

Resistance Level: $0.06782 (24h High)

RSI: Indicates bullish momentum, though nearing overbought territory, so a short-term pullback may occur.

Volume: Significant volume with 320.02M GUN and 19.98M USDT traded in the last 24 hours, suggesting strong market interest.

Trade Signal:

Entry Point: Enter near $0.0650, with confirmation above $0.0617 support level.

Target Levels (🎯):

Target 1: $0.06782 — Immediate resistance (24h High).

Target 2: $0.0700 — Key psychological level and intermediate resistance.

Target 3: $0.0750 — Longer-term target if the bullish momentum holds.

Momentum:

Bullish momentum, but price is approaching key resistance levels ($0.06782), which could lead to consolidation or a slight pullback.

Stop-Loss Suggestion:

Set a stop-loss around $0.0600 (just below the support) to protect from unexpected downward movement.

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