$GPS has entered a high-level consolidation after breaking through with increased volume, which is a healthy cooling off for the bulls, not a top distribution.
🎯Direction: Long
🎯Entry: 0.01155 - 0.01175
🛑Stop Loss: 0.01130 (hard stop loss)
🚀Target 1: 0.01250
🚀Target 2: 0.01320
Logical Hardcore: The 4H level has seen a volume increase of over 23%, forming a large bullish candle, followed by a narrowing K-line entity while the price remains above the breakout zone, which is typical of strong consolidation. Key data: Open Interest (OI) remains stable after the surge, with no significant decline, indicating that bullish positions are not panicking and exiting. Although Taker Volume shows a net sell, the price refuses to pull back deeply, and buy orders are densely placed below 0.01175 (the order book shows significantly better buying depth than selling), indicating that the main force is actively absorbing selling pressure for a healthy reset. The negative funding rate (-0.55%) provides a safety margin for the bulls, reducing the risk of a short squeeze. Price Action (PA) shows that every pullback on the lower time frame (LTF) is quickly bought back, indicating a bullish market structure.
Trade here 👇$GPS
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