📢 $GPS / $USDT | 🔴 SHORT | ⭐ 71.7%
🎯 Objective: $0.00919. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.00994
🛑 Stop Loss: $0.01039
🏁 TP1: $0.00919
🏁 TP2: $0.00904
🏁 TP3: $0.00874
📉 Analysis:
The structure of $GPS shows a dominant bearish trend, with the 20 and 50 EMAs acting as dynamic resistance. The ADX at 34.05 confirms a trend with strength, while the bearish MACD cross and the RSI at 40.55 validate the sell-side momentum in the short term. The observed absorption of sell orders and the proximity to the resistance level suggest a continuation of the bearish move toward the POC (Volume Point of Control) at $0.0095192.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if price closes above $0.01039, which would invalidate the structure of lower highs. It’s important to monitor volume behavior when testing the entry zone to confirm the lack of buyer interest.
Do you think the $0.00975 level will act as relevant support, or will we see a direct breakdown toward TP1?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #GPS #trading #Futures #Bearish
🎯 Objective: $0.00919. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.00994
🛑 Stop Loss: $0.01039
🏁 TP1: $0.00919
🏁 TP2: $0.00904
🏁 TP3: $0.00874
📉 Analysis:
The structure of $GPS shows a dominant bearish trend, with the 20 and 50 EMAs acting as dynamic resistance. The ADX at 34.05 confirms a trend with strength, while the bearish MACD cross and the RSI at 40.55 validate the sell-side momentum in the short term. The observed absorption of sell orders and the proximity to the resistance level suggest a continuation of the bearish move toward the POC (Volume Point of Control) at $0.0095192.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if price closes above $0.01039, which would invalidate the structure of lower highs. It’s important to monitor volume behavior when testing the entry zone to confirm the lack of buyer interest.
Do you think the $0.00975 level will act as relevant support, or will we see a direct breakdown toward TP1?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #GPS #trading #Futures #Bearish