$GUN
Short Setup | Bearish Continuation
$GUN is currently in an active distribution phase, failing to maintain gains from its recent rally. The market structure favors selling into rallies, as downward pressure dominates.
Trading Plan – SHORT:
Entry Zone: 0.0148 – 0.0156 (fade weak pullbacks into prior micro-support turned resistance)
Stop Loss: 0.0164 (above the last lower high and breakdown invalidation)
Targets: 0.0136 → 0.0125 → 0.0112
Price has dropped sharply from 0.022 and now forms a clear sequence of lower highs and lower lows, confirming bearish control. Recent rebounds are shallow and corrective, showing sellers are defending each recovery attempt. Demand around 0.0140 is thin and reactive, indicating absorption rather than strong accumulation, keeping momentum firmly to the downside.
The sell-the-rally outlook remains valid as long as $GUN stays below 0.0164 on a daily close. A decisive close above this level would invalidate the current breakdown and require reassessment.
Bias: Strictly risk-first. Any upside action is treated as corrective within a broader bearish continuation.
Trade on Binance.