$GUN is displaying clear momentum expansion after a prolonged accumulation phase around $0.016–0.018. Once price broke out, it did so with conviction wide candles, strong continuation, and very little retracement.
Price is now consolidating near $0.026, just below recent highs. This type of tight consolidation after a sharp move usually reflects strength, not weakness. Buyers continue to control structure, and dips are being absorbed quickly.
As long as $0.0235–0.0240 holds, pullbacks remain healthy. A clean breakout above $0.026 could trigger another leg higher, while deeper retracements wo