$GPS is up 34.4% in 24 hours to 0.0161, with $38M in volume. Price is now above both the EMA20 (0.0157) and EMA50 (0.0139).
This move puts $GPS at the top of its 7-day range, but still below the 24-hour high of 0.0175. The desk sees this as a breakout attempt in a "Fear" market. Watch for a retest of 0.0175 to confirm conviction.
Is this just a local top to fade, or is the 7-day range broken?
$GPS
This move puts $GPS at the top of its 7-day range, but still below the 24-hour high of 0.0175. The desk sees this as a breakout attempt in a "Fear" market. Watch for a retest of 0.0175 to confirm conviction.
Is this just a local top to fade, or is the 7-day range broken?
$GPS