š° $GPS/USDT
š½ SHORT
ā³ļø Entry: 0.01300 , 0.0136 , 0.0142
šÆ Targets: 0.01200, 0.010850, 0.010100, 0.0093 , 0.0085
šļø Leverage: 10x
š“ Stop Loss: 0.01460
ā¢ #GPS is showing very heavy downside pressure after a sharp rejection from the 0.01894 high. The recent sell-off has completely flipped the short-term structure bearish.
ā¢ Price has now broken below the MA7, MA25 and MA99, with the MA7 turning sharply downward. The MA200 around 0.01175 is the next major support area, making a move toward 0.010 increasingly possible.
ā¢ The sell-off has been aggressive, with consecutive red candles and very little meaningful recovery. This suggests sellers are still firmly in control.
ā¢ MACD has turned strongly bearish, with the histogram expanding on the downside and the MACD lines diving lower. Momentum currently favors further weakness.
ā¢ RSI is deeply oversold, especially on the short-term timeframe. That means a relief bounce is possible, which is why I'm watching the 0.01300ā0.01440 area for a potential rejection rather than chasing the dump.
ā¢ If the 0.01175ā0.01000 region fails to hold, downside could extend much further. 0.0085ā0.0080 becomes possible, especially if selling pressure continues into the weekend.
ā¢ Main idea: downside pressure remains strong, but expect violent relief bounces along the way. As long as price stays below the 0.013ā0.0144 resistance area, bears have the advantage.
ā ļø My chart doesn't control the market. This is just my personal view, and I can be completely wrong. Do your own research, manage your risk, and don't blame me if the market chooses violence.
#Scalping
š½ SHORT
ā³ļø Entry: 0.01300 , 0.0136 , 0.0142
šÆ Targets: 0.01200, 0.010850, 0.010100, 0.0093 , 0.0085
šļø Leverage: 10x
š“ Stop Loss: 0.01460
ā¢ #GPS is showing very heavy downside pressure after a sharp rejection from the 0.01894 high. The recent sell-off has completely flipped the short-term structure bearish.
ā¢ Price has now broken below the MA7, MA25 and MA99, with the MA7 turning sharply downward. The MA200 around 0.01175 is the next major support area, making a move toward 0.010 increasingly possible.
ā¢ The sell-off has been aggressive, with consecutive red candles and very little meaningful recovery. This suggests sellers are still firmly in control.
ā¢ MACD has turned strongly bearish, with the histogram expanding on the downside and the MACD lines diving lower. Momentum currently favors further weakness.
ā¢ RSI is deeply oversold, especially on the short-term timeframe. That means a relief bounce is possible, which is why I'm watching the 0.01300ā0.01440 area for a potential rejection rather than chasing the dump.
ā¢ If the 0.01175ā0.01000 region fails to hold, downside could extend much further. 0.0085ā0.0080 becomes possible, especially if selling pressure continues into the weekend.
ā¢ Main idea: downside pressure remains strong, but expect violent relief bounces along the way. As long as price stays below the 0.013ā0.0144 resistance area, bears have the advantage.
ā ļø My chart doesn't control the market. This is just my personal view, and I can be completely wrong. Do your own research, manage your risk, and don't blame me if the market chooses violence.
#Scalping