GUN is currently sweeping that crucial order block zone around 0.01205, a level that's been a thorn in the side of bulls for some time now, and I'm calling it - this is our shorting opportunity. The higher time frame trend is unequivocally bearish, with the RSI sitting at a dismal 24, indicating we're heavily oversold but still lacking any significant bounce.
Technically, what we're seeing is a textbook bearish setup: the price is hovering just above a key support zone, but the lack of volume (0.0x) tells me there's no conviction from the buyers. The SMC Score of 4.6/10 isn't doing any favors for the bulls either, suggesting smart money is positioned against them.
Here are the trade levels:
- Entry: 0.01205
- Take Profit 1: 0.01172 (RR 4.4x)
- Take Profit 2: 0.01124 (RR 11.0x)
- Stop Loss: 0.01212
I'm shorting $GUNUSDT with a tight stop loss, aiming for those two take profit levels. The risk/reward is on our side, especially considering the bearish trend and the potential for a sharp move down.
Followers, keep a close eye on this one - it's about to get interesting.
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