$GUA
🌧️ 11.1% Bearish Plunge on $GUA , where's the support?
- After a -53% 24h crash and fresh -11% flush, further downside is possible, but this is also the kind of spot where aggressive shorting runs increased risk of a rapid bounce or short squeeze, especially after a liquidity hunt to 0.0739 🕳️
- If price returns to 0.0893–0.0940, watch for rejection: if you see a pin bar, strong bearish candle, or repeated supply tap on the 1m/5m, you could enter a short with a target of 0.0816 and 0.0739. The stop-loss should be placed above the high of the rejection candle or the most recent short-term swing high.
- For a potential long, only consider if price sweeps and holds above 0.0739 with strong reversal signs—look for a bullish engulfing or higher low forming on the 5m, plus a momentum shift. Targets would be 0.0893, then 0.0940. Stop-loss should be set below the 0.0739 low.
- If price reclaims and holds above 0.0940, it could attempt to fill the inefficiency up toward 0.1182, but this is less likely unless there’s a clear reversal setup.
- If price closes below 0.0739 with no bounce, expect more downside and avoid longs until a new base forms
📝 This is not investment advice, only an educational report. Please use risk management and wait for confirmation before entering any trade—this is a very high-risk environment and could see fast moves both ways! 🚦
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#GUA
🌧️ 11.1% Bearish Plunge on $GUA , where's the support?
- After a -53% 24h crash and fresh -11% flush, further downside is possible, but this is also the kind of spot where aggressive shorting runs increased risk of a rapid bounce or short squeeze, especially after a liquidity hunt to 0.0739 🕳️
- If price returns to 0.0893–0.0940, watch for rejection: if you see a pin bar, strong bearish candle, or repeated supply tap on the 1m/5m, you could enter a short with a target of 0.0816 and 0.0739. The stop-loss should be placed above the high of the rejection candle or the most recent short-term swing high.
- For a potential long, only consider if price sweeps and holds above 0.0739 with strong reversal signs—look for a bullish engulfing or higher low forming on the 5m, plus a momentum shift. Targets would be 0.0893, then 0.0940. Stop-loss should be set below the 0.0739 low.
- If price reclaims and holds above 0.0940, it could attempt to fill the inefficiency up toward 0.1182, but this is less likely unless there’s a clear reversal setup.
- If price closes below 0.0739 with no bounce, expect more downside and avoid longs until a new base forms
📝 This is not investment advice, only an educational report. Please use risk management and wait for confirmation before entering any trade—this is a very high-risk environment and could see fast moves both ways! 🚦
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#GUA