Quick Analysis of the GUN/USDT Chart (4H)
Based on the 4-hour chart of GUN/USDT
Trend
Immediate Trend: Strong Upward (Price above Moving Averages, large green candles, and high/overbought RSI).
The asset is in a strong upward trend on the 4-hour chart, having broken recent resistances with good volume (High 24h Vol). The MACD and RSI indicators support the upward movement. Attention: The RSI (6) at 79.28 indicates that the asset is overbought and may be ready for a correction or consolidation soon. Manage risk carefully.
Entry Zone $0.01500 - $0.01550 Ideally on a small pullback to the moving average MA(7) or MA(25).
Stop Loss (SL) $0.01420 Below the last significant low/Minimum of the last 24h ($0.01428).
Take Profit 1 (TP1) $0.01689 Maximum of 24h (Immediate Resistance).
Take Profit 2 (TP2) $0.01800 Next psychological level and possible Fibonacci projection.
Take Profit 3 (TP3) $0.01950 - $0.02000
