#GUN#

GUN (GUNZ) Current Short Technical Analysis and LONG Position Recommendation via Gate.io
Current Status:

* Price: $0.04230 USD. The price has entered the previously determined critical support area.
* Last Week: The decline of approximately 11.57% continues.
Technical Indicators (In Light of Current Price):
* Support Levels:
* Critical Support Contact: With the price falling to $0.04230, the critical support area between $0.0405 (ATL - all-time low) and $0.042 has been reached. This level theoretically represents a strong area where a decline could stop and a recovery could begin.
* Momentum (RSI & MACD):
* RSI: With the price falling to this level, the RSI may be approaching or entering the oversold area. If the RSI falls below 30 and then signals an upward reversal, this will be a positive momentum signal for the LONG position.
* Moving Averages (MA):
This sharp decline in price could cause the short-term moving averages (e.g. 50-day MA) to diverge significantly from the long-term averages (e.g. 200-day MA). This could increase the potential for a mean reversion.
LONG Position Opening Recommendation (Current Status):
The price moving down to $0.04230, a critical support level, is a potential risk-reward shift and could present a more attractive entry point.
If you are considering opening a LONG position, it is recommended that you make a safe entry now:
* Confirmed Rebound from Support:
* Price consolidating in this support area and showing signs that the downward momentum is slowing.
* For example, green candlestick formations on lower timeframes (1-hour, 4-hour) and decreasing selling pressure.
* Positive Reversal from Momentum Indicators:
* RSI turning upwards from below 30 and exiting oversold.
* A bullish crossover in the MACD (the MACD line crosses the signal line above) and/or a positive momentum increase is observed in the histogram.
* Increase in Volume:
* A significant increase in volume as the price recovers from the support levels indicates that buyers have entered the market and confirms the strength of the recovery.
In summary:
A price breakout into the critical support area offers a better potential entry point for a LONG position.