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$GUN : BULLISH MOMENTUM STRONG — BUT WAIT FOR CONFIRMATION 🚨
*(Not financial advice. Trade responsibly.)*
Price up +21.06% to 0.02805 — RSI(6) at 67, StochRSI cooling from overbought (41), MACD still green → bullish but showing early signs of exhaustion. Price hugging upper Bollinger (0.02918), tested 24h high (0.02892). Volume massive (1.97B GUN) → retail FOMO + smart money distribution possible.
✅ TRADE PLAN: DUAL SCENARIO — BREAKOUT OR REJECTION
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✅ SCENARIO 1: LONG ON BREAKOUT CONFIRMATION
ENTRY: 0.02850–0.02880 (after 1h close ABOVE 0.02892 + volume surge)
STOP LOSS: 0.02700 (below recent swing low + buffer)
TP1: 0.02950 | TP2: 0.03050 | TP3: 0.03200
RR: 1:2.5+ on TP2 — scale out 50% at TP1.
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✅ SCENARIO 2: SHORT ON REJECTION AT RESISTANCE
ENTRY: 0.02870–0.02900 (if price rejects with bearish engulfing/pinbar)
STOP LOSS: 0.02950 (above 24h high + buffer)
TP1: 0.02750 | TP2: 0.02650 | TP3: 0.02550 (Mid-Bollinger)
RR: 1:3+ on TP3 — scale out 50% at TP1.
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🛡️ RISK MANAGEMENT (BOTH SIDES):
• Max Risk: 1% per trade
• Leverage: 5x max (volatility near highs!)
• Example ($1k account): ~$350 position → risk $10
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⚠️ CONFIRMATION CHECKLIST:
LONG:
→ 1h candle CLOSE above 0.02892 + rising volume
→ RSI holds above 60, MACD expands upward
SHORT:
→ Bearish rejection candle at 0.02870–0.02900 (long wick + red body)
→ Volume spike on down candle, RSI rolls over from >70
Don’t guess direction — let the market confirm. Wait for structure break or rejection pattern before entering.
🔁 Share if you’re waiting for confirmation!
👇 Comment “LONG” or “SHORT” when you see your setup trigger.
#GUN
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#BreakoutOrRejection #WhaleWatch *Follow for daily SMC breakdowns & institutional-grade setups. Not financial advice.*