$GUN /USDT Technical Analysis (15m Chart)
📉 Current Price: $0.03282 (▼ 9.71%)
📊 Moving Averages:
• MA(20): $0.03480
• MA(50): $0.03577
👉 Both MAs are sloping down, with price significantly below them — a textbook short-term downtrend. The latest bounce from $0.03262 appears reactive, not a confirmed reversal.
🔄 Market Behavior:
The market is in a strong selling phase, with steep red candles and increasing volume into the lows. A clear liquidity flush may have occurred around $0.03262, where a lower wick formed — hinting at possible short-term exhaustion, but no confirmation of reversal yet.
🔥 Momentum Snapshot:
• ⛔ Heavy selling volume buildup
• 📉 Lower highs and lower lows dominate the structure
• 🚩 No bullish divergence on visible indicators
• 📊 Weak bounce attempts with small-bodied candles
🧱 Key Levels:
• Resistance: $0.03360 ➝ $0.03480 (MA20 region)
• Support: $0.03262 (wick low) ➝ $0.03150 (next demand zone)
🧾 Quick Summary:
GUN is trending sharply downward with accelerating sell volume and no bullish structure in place. While the latest wick suggests a brief relief might occur, short-term rallies are likely to face resistance at $0.034+. Unless strong buying enters soon, the bias remains bearish.
⚠️ DYOR – This is a momentum-based downtrend. Only consider bounce trades with confirmation and tight stops. The safer approach remains shorting into weakness or rejecting resistance levels. Never trade without a plan.