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$GUN /USDT | 1H Post-Spike Structure
GUN is trading around 0.0294, up +11.6%, after a strong impulse that peaked near 0.0364. Price is now pulling back and testing key moving averages โ a critical short-term zone.
๐ Technical Observations:
Strong breakout from 0.021โ0.022 base
Current pullback testing MA(25) โ trend decision area
MA(99) near 0.0245 remains strong higher-timeframe support
Volume has declined after the spike โ selling pressure easing
๐ Key Levels to Watch:
Resistance: 0.0305 โ 0.0320
Major Resistance: 0.0340 โ 0.0365
Support: 0.0290 โ 0.0280
Strong Support: 0.0255 โ 0.0245
๐ Bullish Scenario:
Holding above 0.028โ0.029 and reclaiming 0.031 could set up a move toward 0.034+.
๐ Bearish Scenario:
A breakdown below 0.028 may lead to a deeper retrace toward 0.026โ0.025, still within a healthy structure.
โ ๏ธ Reminder: Post-spike pullbacks are normal. Let price confirm before taking high-risk entries.
๐ฌ Are you looking for a bounce here or waiting for deeper support?
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