$GPS Short from 0.008243, target 0.007545 (1:2)
Short setup
Entry zone: 0.008243
SL: 0.008592
TP: 0.007545
R:R 1:2
GPS pumped 13% from 0.007504 in 17 hours, and the move started to run out of steam. That break of 0.007947 was small (6.7%), a quick poke and a sell-off from 0.008479. Looks like a failed breakout to me. The inducement at 0.007545 is the target and the stop is 4.23% away at 0.008592. The stop stays where it is, I won't be moving it.
Not financial advice.
#GPS #FuturesTrading #CryptoTrading
Short setup
Entry zone: 0.008243
SL: 0.008592
TP: 0.007545
R:R 1:2
GPS pumped 13% from 0.007504 in 17 hours, and the move started to run out of steam. That break of 0.007947 was small (6.7%), a quick poke and a sell-off from 0.008479. Looks like a failed breakout to me. The inducement at 0.007545 is the target and the stop is 4.23% away at 0.008592. The stop stays where it is, I won't be moving it.
Not financial advice.
#GPS #FuturesTrading #CryptoTrading