$GUN is currently trading around $0.02989, and our short position is looking solid, fam. The market structure remains undeniably weak, with price action strictly respecting the local resistance levels. Every attempt at a relief rally has been met with selling pressure, confirming that the path of least resistance is still to the downside.
Right now, it’s all about patience and execution. The setup is live, the levels are marked, and we’re letting the trade breathe without letting emotions interfere.
The technical outlook for $GUN is increasingly bearish as it fails to reclaim the $0.031 pivot point. On the daily timeframe, we are seeing a "descending triangle" formation, a classic continuation pattern that often leads to a sharp flush once the base support is breached. Furthermore, with nearly 94% of the total 10B supply still locked, the looming threat of token unlocks is creating a heavy overhead supply that prevents any meaningful recovery.
This weakness is amplified by the broader "Risk-Off" sentiment triggered by today's US government shutdown and the absolute carnage in the precious metals sector. As liquidity tightens across the board, speculative gaming tokens like $GUN are often the first to be offloaded by funds looking to de-risk. We are tracking a potential target toward the $0.022 demand zone. If the broader market continues its correlation with the gold and silver crash, this move could accelerate much faster than anticipated. Stay disciplined and stick to the plan.
Let’s see how this one unfolds
Who’s riding this move with @R M J ?
Drop a "LIKE" Fam!