Massive shakeout just hit $GUN – Longs liquidated at $0.04956 totaling $2.21K. Whales are clearing the weak hands and loading up! Is this the calm before the storm or the start of something bigger?
Smart money doesn't panic. It positions.
Technical Analysis for $GUN
Long Liquidation Point: $0.04956
This indicates that leveraged long traders got wiped out here, often a sign of bottom formation or liquidity grab.
Buy Zone:
Primary Zone: $0.0465 – $0.0500
This is a high-probability accumulation zone, especially if price consolidates or shows strong bounce signals here.
Targets:
Target 1: $0.0550 – minor resistance
Target 2: $0.0615 – previous breakdown zone
Target 3: $0.0700 – psychological and structural resistance
Stop Loss:
Hard Stop: $0.0440
If the price breaks this level with volume, downside continuation is likely.
Conclusion:
Whales just flushed the market, shaking out late longs. If $GUN reclaims $0.050 with volume and momentum, the next leg up can ignite quickly. Watch for confirmation candles or bullish divergence.