gps 0.0165u
After I touched 0.0171 yesterday, it just went sideways. Over the course of the day the price didn’t really move, yet the trading volume jumped from twenty million to more than one hundred forty million—more than six times.
This is increased volume with stagnation. The volume piles up but the price can’t rise, which means someone above keeps dumping out from this level, while the buying below can also absorb it. Both sides are fighting right here.
The market cap is over ninety-six million. In a single day it traded one hundred forty million—turnover is nearly one and a half times. Yesterday, this number was still less than seventy percent of the market cap; in one day it changed its nature.
There’s still no news. The project hasn’t issued any announcement—this is purely capital driving it.
0.0171 is the recent high over the past two days. Only if it stands above it can it be considered to keep going. 0.0136 is yesterday’s breakout level; if it falls back below those two days’ range, then all that effort was for nothing. Chasing longs right now means buying into volume at the same time—like taking delivery when it’s already pumping volume. For shorting, you can start paying attention and then wait for it to turn and confirm before acting. #gps $GPS
After I touched 0.0171 yesterday, it just went sideways. Over the course of the day the price didn’t really move, yet the trading volume jumped from twenty million to more than one hundred forty million—more than six times.
This is increased volume with stagnation. The volume piles up but the price can’t rise, which means someone above keeps dumping out from this level, while the buying below can also absorb it. Both sides are fighting right here.
The market cap is over ninety-six million. In a single day it traded one hundred forty million—turnover is nearly one and a half times. Yesterday, this number was still less than seventy percent of the market cap; in one day it changed its nature.
There’s still no news. The project hasn’t issued any announcement—this is purely capital driving it.
0.0171 is the recent high over the past two days. Only if it stands above it can it be considered to keep going. 0.0136 is yesterday’s breakout level; if it falls back below those two days’ range, then all that effort was for nothing. Chasing longs right now means buying into volume at the same time—like taking delivery when it’s already pumping volume. For shorting, you can start paying attention and then wait for it to turn and confirm before acting. #gps $GPS