This $GPS pump still doesn’t convince me enough to open a long position.
However, if the same market makers that were behind the previous big pumps are involved here, I strongly advise you not to blindly short the move.
We’ve seen how quickly these setups can force short positions out.
Since this is the 4H chart, a pullback would be completely normal and should not automatically be interpreted as a trend reversal.
If the momentum continues, the 0.030$ zone could become a realistic bullish target, so it’s worth keeping a close eye on it.
On the other hand, if this pump can’t hold and the price immediately loses momentum, the first bearish target to watch is around 0.011$.
Don’t chase in either direction.
Wait for confirmation and manage your risk properly.
#Write2Earn!
#Binance
However, if the same market makers that were behind the previous big pumps are involved here, I strongly advise you not to blindly short the move.
We’ve seen how quickly these setups can force short positions out.
Since this is the 4H chart, a pullback would be completely normal and should not automatically be interpreted as a trend reversal.
If the momentum continues, the 0.030$ zone could become a realistic bullish target, so it’s worth keeping a close eye on it.
On the other hand, if this pump can’t hold and the price immediately loses momentum, the first bearish target to watch is around 0.011$.
Don’t chase in either direction.
Wait for confirmation and manage your risk properly.
#Write2Earn!
#Binance