$GUN
/USDT – Bearish Trend in Play: Short Setup Activated
After a significant rally that saw $GUN/USDT peak at $0.06997, the buying momentum appears to be dwindling. The price has started to retreat, as indicated by consecutive red candles, signaling profit-taking and a shift toward a bearish sentiment. The current price level around $0.05930 suggests early indications of a trend reversal.
This scenario presents a strong short trade setup, with the potential for the price to continue its decline toward the key support at $0.05500. If selling pressure remains consistent, the price may accelerate its descent to this target level. Traders should exercise caution and implement tight stop-losses just above $0.06200 to protect gains in case of a rapid price rebound.
Given the current volatility in the market, it’s essential to stay vigilant and act swiftly to capitalize on this potential move. Keep an eye on price action, as timing will be crucial for success in this trade.
