$GPS After a massive breakout on the 4-hour level, it is currently undergoing high-level consolidation. The price is supported above the breakout area (0.0088-0.0090), forming a healthy reset structure. The current funding rate of -0.1493% indicates strong bearish sentiment, providing fuel for a short squeeze, while the order depth shows concentrated selling pressure above (0.009238); once broken, it will open up space.
🎯 Direction: Go long
🎯 Entry: 0.00920 - 0.00928
🛑 Stop loss: 0.00876 (rigid stop loss, below the breakout zone and previous low)
🚀 Target 1: 0.00980
🚀 Target 2: 0.01050
Logic Hardcore: The second 4H candlestick shows a massive volume (1.46B) surge, confirming the main funds entering the market. The following two candlesticks show a pullback with reduced volume, and the price remains above the breakout range, typical of buying absorption and healthy retracement. The current price is closely attached to the buy order above (0.009233), indicating strong support. A negative funding rate is a classic pre-squeeze indicator. As long as the price holds above the key support of 0.0088, testing the previous high of 0.0098 is the path of probability advantage. Small loss (stop loss space about 5%) and large gain (target space 6%-13%), clear odds advantage.
Trade here 👇$GPS
---
Follow me: Get more real-time analysis and insights on the crypto market!
