📊Technical analysis $GUN /USDT — 15min/1h timeframe
Current price ≈ 0.02889 USDT +26.82% rise, sharp rally from ~0.022–0.023 lows, accelerating upside with green candles.
Price action & Bollinger Bands: Price near upper BB (UP ~0.02938, MB ~0.02624, DN ~0.02309). Bands expanded on up move, price hugging upper band — overbought extension, potential short-term pullback/consolidation.
Volumes: Current ~101M, MA(5) ~166M, MA(10) ~155M — volume spike on recent green candles (strong buying pressure), now elevated on upside. Watch for dry-up on dips or surge on green.
Key indicators:
• MACD: Strongly positive (DIF 0.001129, DEA 0.001111, MACD 0.00018), histogram bullish — momentum up.
• RSI(6/12/24): 74.42 / 74.72 / 70.80 — deeply overbought (RSI6/12 >70), exhaustion/pullback signal possible. Uptrend with extreme overbought conditions + upper BB hug suggest short-term pullback likely before next leg up.
🟢 Long (moderate-high risk) Entry: 0.0280–0.0290 (current or dip to MB) TP1: 0.031–0.032 TP2: 0.034–0.036 SL: 0.0270–0.0275 R/R: ~1:3+ Comment: Good if RSI pullback + volume on green. Momentum favors continuation/scalp on dip.
🔴 Short (moderate risk) Entry: 0.031–0.032 (fade at upper extension/resistance) TP1: 0.0285–0.0280 TP2: 0.0265–0.0255 SL: 0.0335+ R/R: ~1:3+ Comment: Strong if rejection at resistance + MACD divergence. Counter-trend if overextension fades.
⚠️ Most likely scenario now Short-term pullback/consolidation from extreme overbought levels (RSI>70 across board) towards MB (~0.026–0.027) or slightly lower. Then possible continuation higher if strong volume support. Longs have structural edge in explosive uptrend; shorts only on clear rejection signals. High vol — tight risk, watch RSI/volume closely.