$GUN Critical Breakout or Rejection Zone Ahead!
Current Price: $1.662 (↓ 15.85%)
After a brutal drop, GNS is showing a recovery bounce—now testing a crucial resistance level. The next candle could set the tone for the next move.
Key Price Levels:
• Resistance Zone: $1.665 – A breakout above this could flip the trend short-term bullish.
• Support Zone: $1.600 – Losing this could resume the downtrend sharply.
Trade Setup
Bullish Scenario:
• Entry: Confirmed breakout above $1.665
• TP1: $1.72
• TP2: $1.80
• Stop-loss: Below $1.63
Bearish Scenario:
• Entry: Breakdown below $1.60
• TP1: $1.53
• TP2: $1.45
• Stop-loss: Above $1.67
Watch volume confirmation. Without strong buying volume, rejection is likely.
Expect high volatility — manage risk accordingly!