$GUN Stuck at resistance level, sharp decline expected...
Faced rejection near $0.03521 after a strong vertical rise. With momentum slowing and red candles forming at lower highs, a short-term correction seems likely.
Sell Setup
Entry Zone: $0.03220 - $0.03230
First Profit Target: $0.03080
Second Profit Target: $0.02950
Third Profit Target: $0.02790
Stop Loss: $0.03300
Quick Overview:
The pair has risen nearly 33% from its recent low and is now showing signs of exhaustion with a lower high forming. Weak upward pressure on the order book indicates a potential pullback.
Watch for a breakdown below $0.03200 for confirmation.
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