【$GUN Signal】Waiting for a pullback to add longs, overheating needs digestion

$GUN 1H level surges high and consolidates at a high level, RSI skyrocketed to 81, buying depth is unbalanced -18%, sell orders are clearly thicker. The upper band of the 4H Bollinger Bands has been pierced, MACD histogram is still expanding, but the price and indicator divergence are too large.

This position has extremely high risk when chasing the high, and the risk-reward ratio is not worthwhile. Wait for a pullback, place orders to go long in the range of 0.01994 to 0.0233.

⚡Entry: Batch orders in the range of 0.01994 - 0.0233

🛑Stop loss: 0.01761

🚀Target 1: 0.02877

🚀Target 2: 0.02889

🛡️Trade management: - Execute strategy: halve the position at Target 1, keep the rest to preserve capital. If the price cannot stay above the entry zone’s upper boundary, exit immediately.

The 1H EMA20 crosses above EMA50 to form a golden cross, but trading volume has shrunk on the latest 4-hour candle, indicating weakening buying pressure. The MACD double lines on the 4-hour chart are opening above the zero line, trend is not bad, but short-term overheating needs digestion. With this depth of order book, selling pressure above is ready to trigger, waiting for a healthy pullback is the safer approach.

Check real-time market 👇 $GUN
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