Breakout attempt building… but rejection risk still alive.
$GUN /USDT – SHORT
Trade Plan
Entry: $0.02180 – $0.02280
SL: $0.02410
TP1: $0.02020
TP2: $0.01900
TP3: $0.01780
Why This Setup?
4H Structure: Price struggling below resistance ($0.02375) with weak continuation — no clean breakout confirmation yet. Lower highs forming near supply zone.
Price Positioning: Current level sitting mid-range, closer to resistance → better R:R for shorting into rejection.
MA Context: Likely facing resistance near short-term MAs (7 & 25), no strong bullish expansion yet.
RSI Behavior: RSI hovering below midline (50) → momentum still favors sellers unless strong reclaim happens.
Volume Insight: No aggressive breakout volume near resistance → suggests lack of buyer conviction, possible distribution.
Daily Context: Still looks like a relief bounce inside broader weakness unless $0.02375 breaks with strength.
As long as price stays below $0.02375, sellers have control targeting liquidity below $0.019.
Debate:
Is this just a lower high before continuation down toward $0.018…
Or will buyers step in and force a breakout above $0.024 for trend reversal?
Trade $GUN here 👇
