【$GUNUSDT】No need to rush to buy the dip/chase highs, check this first

$GUN The order book is experiencing massive order cancellations, liquidity is thin during the pre-US market open hedging period. On the 4-hour level, there's a clear divergence between volume and price. The price crashed from 0.0287 to 0.0231, but open interest remained unchanged, indicating spot selling rather than contract liquidations. The 1-hour MACD has formed a death cross below zero and is converging, with weakening bearish momentum. However, buy orders are stacking up near the Bollinger Band lower rail at 0.0224, exposing capital support intentions. The current price of 0.02405 is right above the 20-day EMA at 0.0222 and 50-day EMA at 0.0199, with the mid-term structure intact. Below at 0.0239-0.0233 there are extremely thick pending orders, forming a natural buffer zone.
The risk-reward ratio at this level is suitable. Go long directly, enter at current price 0.02405, and place your stop loss below 0.0227. First target at 0.0263, reduce position by half there to break even. Second target 0.0275, take full profits.
Check real-time charts 👇 $GUN
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