Lost 110K USD learning the lesson: I blindly chased $GUN at 0.0050 without ever setting a stop loss. Only after that trade went to zero did I realize that unrealized futures profit is all paper, and liquidation is the real boss. Now recovered 60%, targeting it again today.



Real-time data: Currently at 0.0050, up 20.92% in 24h, bouncing almost 22% from the low of 0.0041, volume 5.4M, rising but not massive. The key is price stuck at the 0.0050-0.0052 resistance zone, which was the turning point of the previous two bounces. If it breaks above 0.0052 and holds, the next resistance is 0.0058; if it pulls back, 0.0046 is the first support, 0.0041 is strong support.

My trading plan: Don't chase at this level, wait for a pullback. Entry: 0.0047-0.0048 (retrace does not break 0.0046), position size no more than 5% of total capital. Stop loss: 0.00445 (stop loss after breaking 0.0041; if this level is lost, the previous bounce was a bull trap). Take profit in two stages: 0.0055 sell half, 0.0058-0.0060 close all. If it directly breaks above 0.0052 with volume, don't chase, wait for a pullback to near 0.0050 to confirm, then try a small long position.

There is a risk: 5.4M volume is not very active for a price of 0.005, and the ignition funds are weak. If volume shrinks below 3M within 24h, the main force is not serious, abandon this trade directly.

Final line: 40% of the liquidated principal remains. This trade aims to recoup 5% first, slowly roll it up. Do you think it will hit 0.0052 first or drop back to 0.0046? Vote below.
GUN14.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned