$GPS is showing an interesting 4H structure after a major expansion from the $0.00818 area. The chart first spent a long period moving sideways, building a base around the lower levels. That accumulation was eventually followed by a sharp breakout, sending price rapidly toward the $0.01894 high.
After that aggressive rally, GPS experienced a strong correction and entered a consolidation phase. Instead of continuing straight back toward the previous lows, price has been holding around the $0.011–$0.012 region, which is important because this area is now acting as a potential support base.
The current price is around $0.01185, while the recent 24H high is near $0.01255. A sustained move above this local resistance could provide the momentum needed for another upside attempt.
My setup
Entry: $0.0115–$0.0120
TP1: $0.01255
TP2: $0.01475
TP3: $0.01710
Stop Loss: $0.0105
The first level to watch is $0.01255. This is the immediate resistance created by the recent recovery attempts. If GPS can break above this level with a strong 4H close, the next important target sits around $0.01475.
Above that, the $0.01710 region becomes the next major objective. A stronger continuation could eventually bring the previous $0.01894 high back into focus, but that would require significant momentum and should not be assumed until the intermediate resistance levels are reclaimed.
The most important support area for this setup is around $0.0115. As long as buyers continue defending this zone, the current consolidation can develop into a bullish continuation pattern. The chart is already showing several attempts to stabilize after the major sell-off, suggesting that sellers are no longer pushing price aggressively lower.
However, losing $0.0105 would invalidate this setup and indicate that the current base is failing. In that scenario, GPS could revisit lower support levels, so risk management remains essential.
For now, I would prefer a controlled entry near the support zone rather than chasing a sudden green candle. The key confirmation will be a clean breakout above $0.01255, followed by acceptance above that level.
Bullish bias — holding $0.0115 and breaking $0.01255 could open the path toward $0.01475 and $0.01710.
