GUN's current market trend is indeed being pushed, which easily makes people want to chase. However, looking at the 4-hour RSI, it has already surged to 71, indicating a slightly overheated level, so caution is advised.
My idea is to observe first, waiting for either a pullback to a key support level or a clear volume breakout above the previous high. Only when the signals are clear will I consider entering. Currently, the risk-reward ratio for entering is not very favorable.
From a technical perspective, the current price is around 0.02. The main resistance above is at 0.021 (the previous high), and the support below is near 0.0195 (the area with relatively concentrated 1-hour volume).
If it truly breaks through 0.021 and stabilizes, that would be a bullish signal. Conversely, if it falls below 0.0195, it indicates the trend is weakening.
**If deciding to chase long:** Enter at the breakout and stabilization above 0.021. Place the stop-loss below 0.0195, keeping the risk approximately at 7.5%. The first target is around 0.023, offering about +9.5% potential profit. The second target is 0.025, which could yield up to +19%.
The 1-hour MACD histogram is still below zero, with no bullish crossover signal yet, or rather, no confirmed volume increase. These details need confirmation before considering a genuine entry opportunity.
My approach is to wait and see; once the signals are clear, make sure to set a proper stop-loss when entering—this is basic risk management.
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CexIsBad
· 01-10 16:14
RSI71 is already overheated and still want to chase, this is the beginning of being trapped.
Wait, MACD hasn't golden crossed yet, why the rush?
Let's wait until 0.021 stabilizes before speaking; entering now is just taking over the position.
Setting a stop-loss is correct, but most people simply can't hold on.
I'm just watching, this wave of signals is too vague.
View OriginalReply0
TokenEconomist
· 01-08 20:09
actually the risk/reward math here doesn't quite add up when you factor in slippage and execution lag tbh
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GateUser-80dd93b6
· 01-08 16:09
any indicator is not correct with 💩💩💩 coins like this one. market manipulatos are doing everything to make us loose the money 😤😤🤬🤬🤬
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MEVSandwichMaker
· 01-08 15:59
RSI71, are you still daring to chase? Isn't that asking for death? Wait for a pullback.
Entering at an overheated position is like giving away money. I’d rather miss out than get trapped.
Let's see if 0.021 can hold steady; right now, it's just a gambler's mentality.
MACD hasn't even formed a golden cross yet, so what are you thinking about chasing longs? This guy's analysis is not wrong.
GUN is indeed tempting this wave, but the risk-reward ratio is hard to describe.
If it breaks below 0.0195, accept the loss. You still need to have some discipline.
Feels like those chasing the high are going to get trapped again, it's boring.
Honestly, wait for clear signals before entering; otherwise, it's just gambling mentality.
Break through the 0.021 resistance level and then talk; entering now makes you the bag holder.
View OriginalReply0
DefiPlaybook
· 01-08 15:53
RSI breaking 71 is indeed a bit aggressive. My data model has also been warning about overheating risks.
Wait for the golden cross signal. Jumping in now just means giving the market makers money.
Only consider entering after breaking 0.021 + MACD golden cross double confirmation; otherwise, it's just a gambler's mentality.
View OriginalReply0
MEVHunterWang
· 01-08 15:53
RSI has already hit 71, and you still want to chase? Bro, aren't you asking for death?
Wait until the signal is clear before making any moves.
Breaking 0.021 is the real signal; entering now just makes you a leek.
If you haven't set a stop-loss, don't say you're into crypto.
Watch at 0.0195; if it breaks, you better run.
First observe, let the bullets fly for a while.
This wave is indeed overheated; I was also waiting for a pullback.
A 19% profit is tempting, but safety is more important.
MACD is still lying below; no rush.
View OriginalReply0
GasFeePhobia
· 01-08 15:51
RSI71 is starting to panic? I think it can still push higher
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Wait for the pullback, now those chasing are just bagholders
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Breaking 0.021 is a signal, simple and straightforward
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Stop-loss at 7.5% sounds good, but when it comes to cutting losses, it's a different story
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Don't rush before MACD has a golden cross; this wave might be a false breakout
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Your analysis looks reliable, but I'm just worried the market might not follow the usual pattern
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A 19% return is tempting, but the risk is indeed high. Better to be cautious
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I like your patient approach, much more rational than those going all-in
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Is the 0.0195 support really reliable? Feels like it could break at any time
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Waiting and observing is the right move; chasing high is too risky
View OriginalReply0
FUDwatcher
· 01-08 15:29
I saw RSI reach 71, this move is indeed a bit greedy, let's wait and see.
It feels like it's about to drop again, don't rush to get in this time.
MACD is still below, the golden cross hasn't appeared yet, why rush to buy in, too impatient.
The support around 0.0195 needs to hold, otherwise it's game over.
Only after breaking 0.021 will I consider entering, otherwise it's a waste, I need to watch this move a bit more.
GUN's current market trend is indeed being pushed, which easily makes people want to chase. However, looking at the 4-hour RSI, it has already surged to 71, indicating a slightly overheated level, so caution is advised.
My idea is to observe first, waiting for either a pullback to a key support level or a clear volume breakout above the previous high. Only when the signals are clear will I consider entering. Currently, the risk-reward ratio for entering is not very favorable.
From a technical perspective, the current price is around 0.02. The main resistance above is at 0.021 (the previous high), and the support below is near 0.0195 (the area with relatively concentrated 1-hour volume).
If it truly breaks through 0.021 and stabilizes, that would be a bullish signal. Conversely, if it falls below 0.0195, it indicates the trend is weakening.
**If deciding to chase long:**
Enter at the breakout and stabilization above 0.021. Place the stop-loss below 0.0195, keeping the risk approximately at 7.5%. The first target is around 0.023, offering about +9.5% potential profit. The second target is 0.025, which could yield up to +19%.
The 1-hour MACD histogram is still below zero, with no bullish crossover signal yet, or rather, no confirmed volume increase. These details need confirmation before considering a genuine entry opportunity.
My approach is to wait and see; once the signals are clear, make sure to set a proper stop-loss when entering—this is basic risk management.