$GUN /USDT is currently trading at $0.02838, up 7.42% on the day. The 24-hour high stands at $0.02850, which now serves as immediate resistance, while the 24-hour low of $0.02510 offers a solid support base. Trading volume has surged to 213.50M GUN, equivalent to $5.70M USDT, confirming active interest and strong bullish momentum.
The recent price surge combined with rising volume suggests growing confidence among buyers. GUN is now testing a critical resistance at $0.02850, and a breakout above this level could trigger accelerated gains. As part of the Layer 1/Layer 2 narrative gaining attention, GUN may benefit from broader sector sentiment.
Entry Zone:
Optimal: $0.02770 - $0.02810 (buy on pullback into support)
Take-Profit Targets:
TP1: $0.02900 (psychological resistance)
TP2: $0.03000 (next liquidity zone)
TP3: $0.03150 (extended upside target if momentum continues)
Stop Loss Levels:
Primary SL: $0.02720 (below recent swing low)
Alternative SL: $0.02680 (wider stop to manage volatility)
Confirmation Criteria: Look for a bullish candlestick formation (hammer or engulfing) within the $0.02770โ0.02810 zone. A spike in volume on a break above $0.02850 strengthens the case for entry.
Ensure RSI on the 4-hour chart remains below 70 to reduce the risk of entering during overbought conditions.
The risk-to-reward ratio is favorable at 1:3 or better, offering solid potential for disciplined traders. Use trailing stops once TP1 is reached to secure profits and maximize gains while managing downside risk.
Trade here ๐๐ป $GUN