$GPS is printing a deep red candle today, down 18.6% on $21M volume.
Price touched 0.0135, its 24h low, and is now sitting just above it at 0.0138. The 7-day low is 0.00920, so there's room below if this break continues. Both EMA20 (0.0171) and EMA50 (0.0161) are well above current price. RSI(14) is at 28.
The desk's read: this looks like a flush. The question is whether it finds a bid at 0.0135, or if we're headed for a retest of the 7-day low.
Is this a dip to buy, or is the market looking for exit liquidity?
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Price touched 0.0135, its 24h low, and is now sitting just above it at 0.0138. The 7-day low is 0.00920, so there's room below if this break continues. Both EMA20 (0.0171) and EMA50 (0.0161) are well above current price. RSI(14) is at 28.
The desk's read: this looks like a flush. The question is whether it finds a bid at 0.0135, or if we're headed for a retest of the 7-day low.
Is this a dip to buy, or is the market looking for exit liquidity?
follow me for more successful free signals
and like for gain profit from our posts
