$GPS — SHORT SETUP 📉
$GPS showing a weak relief bounce, but sellers are stepping back in and capping price under resistance.
🔴 Position: Short
📍 Entry: 0.00795 – 0.00825
🛑 Stop Loss: 0.00870
🎯 Targets:
TP1: 0.00760
TP2: 0.00705
TP3: 0.00640
📊 Setup Insight:
• Bounce lacked strength and failed to reclaim previous structure
• Price stalling right under resistance zone
• Upside moves getting absorbed quickly
• Bearish momentum still dominant
As long as this resistance zone holds, this looks like a corrective bounce with continuation lower favored.
Trade smart. Manage risk. ⚠️
GPS
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