I’m watching $GUN after a strong impulse move and a clean pullback. Price is cooling down near demand after rejection from the recent high. Momentum is still bullish overall and this looks like a healthy retrace rather than a trend break. I’m planning a bounce play from support with controlled risk.
Trade Setup
Entry Zone
0.0226 to 0.0232
Target Points
Target 1 0.0245
Target 2 0.0258
Target 3 0.0268
Stop Loss
Below 0.0219
Why this setup works
I’m entering near a previous demand zone after a higher high move. The pullback came with weaker selling pressure and long lower wicks showing buyers stepping in. Risk to reward is clean and the trend structure stays valid as long as support holds.
GUN
0.02215
+23.60%
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