After a prolonged decline, the price has found a temporary respite at a critical support level. Although short-term momentum is weakening, the overall structure remains strongly bearish. Sellers are on the sidelines, waiting for this line of defense to break. Once it does, it is likely to attract new selling pressure, initiating the next downward trend.
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$GPS sellers are building momentum, testing a key support level. Once it breaks, the downside potential will be unlocked.
Short $GPS now
Entry: 0.01000 – 0.01020
Stop Loss: 0.01035
First Target: 0.00950
Second Target: 0.00850
Third Target: 0.00710
After a prolonged decline, the price has found a temporary respite at a critical support level. Although short-term momentum is weakening, the overall structure remains strongly bearish. Sellers are on the sidelines, waiting for this line of defense to break. Once it does, it is likely to attract new selling pressure, initiating the next downward trend.
Trade $GPS here 👇