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The upward momentum continues
Will it break through the next resistance?
The /USDT/GUN pair has shown strong upward momentum with a sharp rise, currently trading at 0.03198 (+19.55%). After touching its highest level in 24 hours at 0.03521, the price has pulled back slightly, but it remains strong above key support levels.
🔑 Key levels:
Support: 0.03000 / 0.02800
Resistance: 0.03400 / 0.03520
Current price: 0.03198
🎯 Trading settings (long):
Entry area: 0.03150 - 0.03200
Take profit:
First profit target: 0.03400
Second profit target: 0.03520
Third profit target: 0.03650
Stop loss: Below 0.02950
📈 Market outlook: The market structure is bullish, with clearly higher highs and lows appearing on the hourly chart. As long as the price remains above 0.03000, buyers will maintain control, targeting new highs.
⚠️ Risk management: Always risk only 1-2% of your capital on each trade. Adjust your position size according to the stop loss level to protect your capital.
💬 Comment 🚀 if you are riding this upward wave with us!