【$GUNUSDT】Don't rush to buy the dip/chase the high, check this first

$GUN The order book is experiencing massive order cancellations, with sparse liquidity during the pre-US market open trading period. Clear price-volume divergence on the 4-hour chart as price crashed from 0.0287 to 0.0231, but open interest remained unmoved, indicating spot selling rather than contract liquidation. The 1-hour MACD has a bearish crossover below zero with converging momentum; bearish momentum is weakening, but buy orders are stacking up near the Bollinger Band lower rail at 0.0224, exposing funds' intent to provide support. Current price of 0.02405 is right above the 20-day EMA at 0.0222 and the 50-day EMA at 0.0199; the mid-term structure remains intact. The 0.0239-0.0233 zone below has extremely thick pending orders, acting as a natural buffer zone.
The risk-reward ratio at this level is suitable, go long directly. Entry at current price 0.02405, with stop loss placed below 0.0227. First target at 0.0263, reduce position by half at that level to break even. Second target at 0.0275, take all profits.
Check real-time charts 👇 $GUN
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