📉 $GPS is showing a possible rejection setup
GPS has been moving sideways on the 1H chart, but the recent push toward 0.0108–0.0110 is struggling to continue higher. Price is currently sitting near the lower part of the marked resistance zone. For me, the cleaner idea is to wait for a rejection rather than chase the move. A break and hold above 0.011345 would invalidate the setup.
GPSUSDT SHORT SETUP
Entry: 0.010583 - 0.010828
TP1: 0.009722
TP2: 0.009300
TP3: 0.008900
SL: 0.011345
The setup depends on resistance holding. If buyers reclaim 0.011345, I would step aside rather than force the trade.
Trade the setup, manage your risk, and don't blindly follow the numbers.
Would you take this short from resistance or wait for confirmation?
#GPS #GPSUSDT #Binance #crypto #FuturesTrading #TradingSetup
GPS has been moving sideways on the 1H chart, but the recent push toward 0.0108–0.0110 is struggling to continue higher. Price is currently sitting near the lower part of the marked resistance zone. For me, the cleaner idea is to wait for a rejection rather than chase the move. A break and hold above 0.011345 would invalidate the setup.
GPSUSDT SHORT SETUP
Entry: 0.010583 - 0.010828
TP1: 0.009722
TP2: 0.009300
TP3: 0.008900
SL: 0.011345
The setup depends on resistance holding. If buyers reclaim 0.011345, I would step aside rather than force the trade.
Trade the setup, manage your risk, and don't blindly follow the numbers.
Would you take this short from resistance or wait for confirmation?
#GPS #GPSUSDT #Binance #crypto #FuturesTrading #TradingSetup
