đ GPS dumped -25% in a single session on 3.5x normal volume. That's not a dip â that's a capitulation event. And capitulations often mark bottoms.
Current price at $0.01269 with $21.6M in turnover. The 4H RSI has dropped to 44.2, approaching oversold territory. Daily RSI at 55.9 still has room, but the selling pressure is clearly front-loaded.
The key observation: volume is 3.5x the average. When you see this kind of volume spike on a dump, it often means weak hands are panic-selling into strong hands. The question is whether the dust has settled.
đ Trade Plan:
⢠Entry: $0.016 â $0.0175 (on a relief bounce confirmation)
⢠Stop Loss: $0.014
⢠TP1: $0.02 | TP2: $0.025
⢠R:R = 1.2
This is a high-risk recovery play, not a conviction long. Size accordingly.
Catching knives or staying on the sidelines? What's your move? đ¤
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage risk.
#GPS #CryptoTrading #DYOR
Current price at $0.01269 with $21.6M in turnover. The 4H RSI has dropped to 44.2, approaching oversold territory. Daily RSI at 55.9 still has room, but the selling pressure is clearly front-loaded.
The key observation: volume is 3.5x the average. When you see this kind of volume spike on a dump, it often means weak hands are panic-selling into strong hands. The question is whether the dust has settled.
đ Trade Plan:
⢠Entry: $0.016 â $0.0175 (on a relief bounce confirmation)
⢠Stop Loss: $0.014
⢠TP1: $0.02 | TP2: $0.025
⢠R:R = 1.2
This is a high-risk recovery play, not a conviction long. Size accordingly.
Catching knives or staying on the sidelines? What's your move? đ¤
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage risk.
#GPS #CryptoTrading #DYOR