$GPS is printing a heavy red candle, down 29.3% in 24 hours on $23M volume. Price is now sitting at 0.0120, just above the 24h low of 0.0116.
The desk's read: This looks like a flush. RSI(14) at 24 is well into oversold territory, and price has broken below both the EMA20 (0.0149) and EMA50 (0.0153). If the 0.0116 level holds, we could see a bounce back towards 0.0149. But a clean break below 0.0116 means the next stop is likely the 7-day low of 0.0092.
Is this a dip to buy, or is more pain coming below 0.0116?
$GPS
The desk's read: This looks like a flush. RSI(14) at 24 is well into oversold territory, and price has broken below both the EMA20 (0.0149) and EMA50 (0.0153). If the 0.0116 level holds, we could see a bounce back towards 0.0149. But a clean break below 0.0116 means the next stop is likely the 7-day low of 0.0092.
Is this a dip to buy, or is more pain coming below 0.0116?
$GPS