Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
GUN's recent market movement is quite fierce, with a short-term surge of over 25%, quickly reaching around 0.023. It seems that the sentiment is indeed a bit hot.
The key point is that there was an increase in volume at the high level, followed by a turn downward, and the short-term moving averages have also clearly started to bend. The funds chasing in seem to be having trouble holding the position.
Things that rise too quickly are bound to be stepped on, and now is the stage where the sentiment begins to cool down. If there is a rebound later, it will be a good opportunity for shorts to get in. In the short term, the logic of shorting still holds.