Quick Overview:
- Up by 5.5% to $0.03678
- Trading between $0.03304 - $0.03830
- Trading volume over $6.9M in 24 hours
#GUN
Chart Notes
1) Bullish Signals:
- Holding above the middle Bollinger ($0.03611)
- RSI at 55 (neutral with room to move)
- Recent breakout from consolidation
- Increases in volume during bullish moves
2) Caution Signs:
- Approaching the upper Bollinger ($0.03833)
- Some resistance at $0.03830
- Mixed MACD signals
Key levels to watch:
- Support: $0.03611 / $0.03388
- Resistance: $0.03830 / $0.04121
Trading Strategies:
- Buy: Consider at dips to the $0.036 area
- Sell: Only if support breaks at $0.033
- Speculators: Play the range $0.036-$0.038
Important Notes:
- Layer 1 tokens can be volatile
- Watch Bitcoin for market direction
- Proper position sizing is crucial
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