$GUN - Warning of a downward collapse! 📉
Failure to reclaim the resistance area between 0.0248 and 0.0250, now sliding back towards the low demand area.
The recent rejection confirms sellers' control, and the price is forming lower highs - a strong sign of weakness.
Unless buyers intervene soon, the next move could be a sharp drop towards the demand area between 0.0234 and 0.0235.
📉 Sell trade setup
Entry area: 0.0238 - 0.0240
Take profit 1: 0.0235
Take profit 2: 0.0233
Take profit 3: 0.0230
Stop loss: 0.0249
🔻 Professional tip: Wait for a strong candle close below 0.0238 to confirm the collapse before entering. Avoid early entry - let the market structure guide your trade!
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