$GUN Rejection at Resistance: Will Bears Regain Control?
$GUN is trading at $0.06172, climbing from recent lows but facing stiff resistance around the $0.06200 zone. While the price attempted a recovery, momentum is still fragile, and sellers continue to dominate the order book.
Key Levels to Watch:
• Resistance Zone: $0.06200 – $0.06300
A confirmed breakout could push price toward:
• TP1: $0.06420
• TP2: $0.06590
• Support Zone: $0.06050 – $0.05920
If resistance holds and price rolls over, look for potential drops toward:
• TP1: $0.05860
• TP2: $0.05730
Trade Setup: Caught at a Turning Point
• Bullish Setup: A 15m/1H close above $0.06200 with volume strength could initiate a breakout toward upper targets.
• Bearish Setup: If price fails again at resistance and slips below $0.06050, downside continuation is likely.
• Stop-Loss Guidance: SL below $0.05900 for longs, above $0.06300 for shorts to manage risk exposure.
Recovery is fragile—next few candles are key for confirmation.
