$GUA
🌧️ Heavy Sell-off: 8.6% on $GUA , is the bottom near?
- After such a brutal -8.6% flush in a few minutes with no clear support below, the move is likely nearing exhaustion, but there is no strong evidence of a bottom yet. More downside is possible, but the risk/reward for fresh shorts here is not ideal unless there’s a weak bounce to short into.
- The most probable scenario is a relief rally/retrace up toward the 0.1183–0.1258 area, where sellers will likely re-enter, followed by a possible continuation lower if the bounce is weak.
- If price retraces to 0.1183–0.1258 and prints a bearish confirmation (M15/M5 pin bar, SMC Quasimodo/engulfing, or clear order block rejection), consider a short entry around 0.1230, with TP at 0.1062. Stop-loss should be above the supply zone highs or recent swing high.
- If price fails to bounce and just consolidates, avoid entering until a reversal or further breakdown is confirmed.
- If price violently reclaims the 0.1379 and starts closing above the equilibrium (0.1309), I would re-evaluate and look for signs of a longer-term reversal, but right now the momentum remains with the bears.
📝 This is not investment advice, just an educational analysis! In summary: this is NOT likely the absolute bottom, but fresh shorts here are risky due to oversold conditions. The best approach is to wait for a reaction on a relief bounce and watch for reversal confirmation before trading. If longing, only do so with a clear bullish reversal on lower timeframes. Stay safe and manage risk!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#GUA
🌧️ Heavy Sell-off: 8.6% on $GUA , is the bottom near?
- After such a brutal -8.6% flush in a few minutes with no clear support below, the move is likely nearing exhaustion, but there is no strong evidence of a bottom yet. More downside is possible, but the risk/reward for fresh shorts here is not ideal unless there’s a weak bounce to short into.
- The most probable scenario is a relief rally/retrace up toward the 0.1183–0.1258 area, where sellers will likely re-enter, followed by a possible continuation lower if the bounce is weak.
- If price retraces to 0.1183–0.1258 and prints a bearish confirmation (M15/M5 pin bar, SMC Quasimodo/engulfing, or clear order block rejection), consider a short entry around 0.1230, with TP at 0.1062. Stop-loss should be above the supply zone highs or recent swing high.
- If price fails to bounce and just consolidates, avoid entering until a reversal or further breakdown is confirmed.
- If price violently reclaims the 0.1379 and starts closing above the equilibrium (0.1309), I would re-evaluate and look for signs of a longer-term reversal, but right now the momentum remains with the bears.
📝 This is not investment advice, just an educational analysis! In summary: this is NOT likely the absolute bottom, but fresh shorts here are risky due to oversold conditions. The best approach is to wait for a reaction on a relief bounce and watch for reversal confirmation before trading. If longing, only do so with a clear bullish reversal on lower timeframes. Stay safe and manage risk!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#GUA