$GPS Short from 0.008535, target 0.007589 (1:2)
GPS pumped 15% from 0.007504 in 5 days, and the move started to run out of steam. The pullback inside it was about 91% of the leg and left 0.007589 as the inducement low. The new high at 0.00861 got rejected and price is back near 0.008479 without going anywhere close to 0.007589. The inducement at 0.007589 is the target and the stop is 5.54% away at 0.009008.
🔴 Short
Entry 0.008535 | Stop loss 0.009008 | Take profit 0.007589
#GPS #Altcoins #TradeSetup
GPS pumped 15% from 0.007504 in 5 days, and the move started to run out of steam. The pullback inside it was about 91% of the leg and left 0.007589 as the inducement low. The new high at 0.00861 got rejected and price is back near 0.008479 without going anywhere close to 0.007589. The inducement at 0.007589 is the target and the stop is 5.54% away at 0.009008.
🔴 Short
Entry 0.008535 | Stop loss 0.009008 | Take profit 0.007589
#GPS #Altcoins #TradeSetup