$GPS 1H đ
Bias: SHORT, but wait for confirmation rather than chasing the dump.
Price is 0.01126, while the 1H Supertrend sits at 0.01234 and remains bearish. GPS rejected strongly from 0.01206, followed by a large red candle, showing aggressive selling pressure.
Preferred Setup: SHORT
⢠Entry: 0.01125â0.01150
⢠SL: 0.01195
⢠TP1: 0.01100
⢠TP2: 0.01078
⢠TP3: 0.01072
Key levels
đ´ 0.01206 â recent rejection/high
đ´ 0.01195â0.01206 â major resistance zone
đĄ 0.01150 â recovery/retest area
đ˘ 0.01100 â first downside target
đ˘ 0.01072 â 24H low/support
The order book shows 57.25% bids vs 42.75% asks, so a short here isn't completely risk-free. If buyers reclaim 0.01150 and especially 0.01195, the bearish setup weakens.
Best move: wait for a weak bounce/retest around 0.0114â0.0115 and rejection before entering.
Invalidation: sustained 1H move back above 0.01206.
#gps
Bias: SHORT, but wait for confirmation rather than chasing the dump.
Price is 0.01126, while the 1H Supertrend sits at 0.01234 and remains bearish. GPS rejected strongly from 0.01206, followed by a large red candle, showing aggressive selling pressure.
Preferred Setup: SHORT
⢠Entry: 0.01125â0.01150
⢠SL: 0.01195
⢠TP1: 0.01100
⢠TP2: 0.01078
⢠TP3: 0.01072
Key levels
đ´ 0.01206 â recent rejection/high
đ´ 0.01195â0.01206 â major resistance zone
đĄ 0.01150 â recovery/retest area
đ˘ 0.01100 â first downside target
đ˘ 0.01072 â 24H low/support
The order book shows 57.25% bids vs 42.75% asks, so a short here isn't completely risk-free. If buyers reclaim 0.01150 and especially 0.01195, the bearish setup weakens.
Best move: wait for a weak bounce/retest around 0.0114â0.0115 and rejection before entering.
Invalidation: sustained 1H move back above 0.01206.
#gps
