$GPS just swept a key level and reclaimed it.
The 1h/4h context still favors sellers, and open interest is expanding with the move.
The idea stays interesting while sellers can defend $0.007873–$0.007927. The setup is invalid if price cleanly crosses $0.007955.
Would you take the retest on $GPS, or wait for one more confirmation?
#GPS #Trading
Trade plan: SHORT
Entry: $0.007873 - $0.007927
SL: $0.007955
TP1: $0.00785
TP2: $0.007849
TP3: $0.007842
The 1h/4h context still favors sellers, and open interest is expanding with the move.
The idea stays interesting while sellers can defend $0.007873–$0.007927. The setup is invalid if price cleanly crosses $0.007955.
Would you take the retest on $GPS, or wait for one more confirmation?
#GPS #Trading
Trade plan: SHORT
Entry: $0.007873 - $0.007927
SL: $0.007955
TP1: $0.00785
TP2: $0.007849
TP3: $0.007842