2026-01-08 06:28:10

GUN this wave of market movement is worth paying attention to. After the margin ratio adjustment benefits were realized, the coin price surged straight up, soaring 27% in a short period. It is now at 0.02153, but from the 1-hour chart's technical pattern, a long upper shadow is clearly visible—this is a typical sign of distribution. It looks like the market maker has already completed the distribution at high levels.

If you want to operate in this wave of market movement, it is recommended to open a short position directly. Risk management is crucial: use double leverage and set the stop loss based on the 15-minute chart as a resistance level. If the price can stabilize above the key support at 0.0222, then consider exiting the position. Otherwise, the probability of continuing downward is still quite high.

GUN-1,28%

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.

13 Likes

Reward
13
5
Repost
Share

Comment

0/400

PhantomMiner

· 01-09 07:10

A 27% increase, this big player is too impatient. The long upper shadow is just saying goodbye to us.

View OriginalReply0

MevShadowranger

· 01-08 06:56

With such a prominent long upper shadow, the market maker is indeed distributing. I also remain optimistic about this bearish wave.

View OriginalReply0

FOMOrektGuy

· 01-08 06:54

Another long upper shadow and a distribution signal. How many times have I heard this explanation... Is a 27% increase really worth risking a short position?

View OriginalReply0

DecentralizeMe

· 01-08 06:43

I've seen the long upper shadow thing too many times. As a result, it often gets knocked through support levels right after, so you still need to be cautious.

View OriginalReply0