$GUN #BinanceAlphaAlert

Based on your 5-minute Renko chart for GUN/USDT, here's a quick scalping-focused analysis:

Current Price:

$0.04622

Change: -6.42%

Sentiment: 47.34% buyers vs 52.66% sellers (mild bearish pressure)

Technical Breakdown (5-min chart):

Renko Chart:

Recent candles are red, confirming downward momentum.

Price has broken below the recent support region around $0.048.

Structure shows lower highs and lower lows, indicating a clear short-term downtrend.

Moving Average Triple:

Price is below all moving averages, confirming bearish control.

SuperTrend:

Also indicates a sell signal; no sign of reversal yet.

MACD:

Values are in negative territory, showing continued bearish momentum.

No bullish divergence or crossover — no signs of reversal.

Scalping Recommendation:

Sell/Short Position (Scalping Bias: Bearish)

Scalp Trade Setup:

Sell Entry Zone: $0.04620 – $0.04630 (current level)

Target Price (Take Profit):

Target 1 (Quick scalp): $0.04560

Target 2 (Deeper dip): $0.04500

Stop Loss:

Conservative SL: $0.04680 (just above recent small resistance)

Aggressive SL: $0.04720 (above minor Renko reversal point)

Tips for Scalping:

Use tight stop-loss and fast execution.

Watch for reversal Renko bricks + MACD histogram shift if you plan to reverse direction.

Monitor order book shifts — if buyer pressure suddenly spikes above 60%, exit or flip.

Would you like a higher timeframe confirmation (15m or 1h) to support the short bias or to check if a bounce is possible?