๐ Current Situation:$GUN
Price: $0.03548 (down -11.72%)
Recent Low: $0.03535 (very close to current price)
Moving Averages:
MA(7): 0.03569 (short-term resistance)
MA(25): 0.03587 (bearish crossover with MA(7))
MA(99): 0.03814 (far above current price, indicating longer-term downtrend)
๐ Bearish Signs:
Consistent downtrend: Price is below all major moving averages.
Lower highs and lower lows: Clear bearish structure.
Volume: Earlier spike, now fading, indicating decreased interest in purchasing. Price struggling below MA(7): Can't reclaim even the short-term moving average.
๐ฎ Recommendation:
๐ซ SELL or HOLD โ Not a good time to buy right now.
Unless you see a clear bounce with strong volume, or a reclaim of the $0.0362โ$0.0365 resistance area, entering long could be risky. If youโre already holding, consider placing a stop-loss slightly below $0.03535, the most recent low.
For confirmation, would you like a trade setup (entry/TP/SL) or an analysis on a longer time frame (one hour or four hours)?