$GPS is under heavy selling pressure after a sharp 30% breakdown. The 1H structure remains bearish, with price consolidating near the 0.0120 support. I’d wait for a weak bounce and rejection rather than chase the dump.
Short Setup
Entry: 0.0125–0.0130
TP1: 0.0116
TP2: 0.0110
TP3: 0.0102
SL: 0.0136
A clean 1H close back above 0.0136 would weaken the short setup.