$GPS
My view: Very bearish. The chart shows a massive liquidation cascade from ~0.0185 to 0.0118.
* Current area: 0.0117–0.0120
* Liquidity above: 0.0123–0.0126
* Major resistance: 0.0137–0.0140
* Unless price reclaims 0.0126, I would avoid chasing longs.
Bias: Strong bearish
My view: Very bearish. The chart shows a massive liquidation cascade from ~0.0185 to 0.0118.
* Current area: 0.0117–0.0120
* Liquidity above: 0.0123–0.0126
* Major resistance: 0.0137–0.0140
* Unless price reclaims 0.0126, I would avoid chasing longs.
Bias: Strong bearish