Hey Binance Square Fam! ๐
GUNZ, the native token powering Gunzilla Games' Web3 gaming ecosystem, is showing promising signs of a bullish reversal. Currently trading at $0.05455, GUNZ has experienced a 5.08% increase in the last 24 hours.
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๐ Technical Analysis: Wave Patterns & Indicators
Recent 4-hour chart analysis suggests that GUNZ is completing wave F of a diametric pattern, with wave Gโtypically bullishโpotentially on the horizon.
Key Technical Indicators:
RSI (14): 46.656 (Neutral)
MACD (12,26): 0 (Neutral)
ADX (14): 37.967 (Buy)
CCI (14): 97.8816 (Buy)
Williams %R: -40.608 (Buy)
These indicators suggest a potential bullish momentum building up.
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๐ Support & Resistance Levels
Immediate Resistance: $0.0579
Immediate Support: $0.0529
Pivot Point: $0.05455
A break above the immediate resistance could signal a continuation of the upward trend, while a drop below support may indicate a potential pullback.
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๐ฎ GUNZ Ecosystem Highlights
Web3 Gaming Platform: GUNZ is designed to power large-scale Web3 video games, offering players true ownership of digital assets.
Built on Avalanche Subnet: Ensures fast transactions and low energy consumption.
NFT Integration: Players can trade in-game items like weapons and skins as NFTs.
Upcoming Game: "Off The Grid," a shooter game utilizing GUNZ's blockchain features.
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๐ Trading Strategy
Bullish Scenario: If GUNZ breaks above $0.0579 with strong volume, consider entering a long position targeting $0.0600 and beyond.
Bearish Scenario: A drop below $0.0529 may signal a short-term pullback, with potential support at $0.0500.
Risk Management: Always set stop-loss orders to manage potential losses.
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GUNZ is at a pivotal pointโwill it break through resistance or face another rejection? Share your thoughts and strategies below! ๐
#GUNZ #Web3Gaming #CryptoTrading #BinanceSquare #Write2Earn
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