SHORT $GUN USDT – When the crowd starts to get excited, I choose to stand on the opposite side
Quick context:
The price has just had a strong bounce from the bottom zone → creating a feeling of "break trend" for retail. But in reality, this is just a retracement to an important resistance zone.
Entry points:
• Price touches the old supply zone (0.026 – 0.027)
• Long-term MA is still pressing down → main trend has not reversed
• Volume is increasing but there is no follow-through → sign of a trap
• Structure: lower high remains intact
= > This is a typical setup for a short according to the main trend
My strategy:
• Entry: around 0.0258 – 0.0262
• Stop loss: above the 0.027 zone
• Target:
TP1: 0.023
TP2: 0.021
TP3 (if panic sell): 0.018
Main mindset:
Do not short because of "the feeling of high price"
Short because:
→ The larger trend is still down
→ Retail starts to FOMO on the bounce
→ Smart money often dumps in this area