Everyone is talking about a rebound… but the RSI indicator on $GUN
shows an Exhaustion state in the decline, and the chart is still weak.
Trade Plan
Entry Area: 0.02091 – 0.02117
Stop Loss: 0.02228
First Target (TP1): 0.02011
Second Target (TP2): 0.01949
Third Target (TP3): 0.01856
Why this trade?
The 4-hour frame is ready for a sell trade
The daily trend is down, which confirms the negative outlook
RSI on the 15-minute frame = 29.72, indicating strong selling pressure and there may be a continuation of the decline after any weak rebound
The main rejection area is at 0.02091 – 0.02117
Market Outlook
Not every low RSI means a rebound.
Sometimes it is just a trap for buyers before a new drop.
Question for traders
Is this low RSI = a rebound trap for buyers?
Or is it just the calm before a new wave of decline? 👀
Trade cautiously, and risk management is more important than any trade.#TrumpSaysIranWarHasBeenWon