Strong rejection after an extended pump and downside momentum is building.

$GPS /USDT

Trade Plan

Entry $0.01140 to $0.01170

Stop Loss $0.01260

Take Profit 1 $0.01080

Take Profit 2 $0.01000

Take Profit 3 $0.00920

Why this setup

On the 1H timeframe GPS has printed a sharp bearish impulse after failing to hold above the $0.0150 region. The move down broke the short term bullish structure, indicating distribution at the top and aggressive profit taking. Current price is struggling to reclaim the breakdown level, which increases the probability of continuation toward lower demand zones.

Debate question

Is this just a healthy pullback after the big rally or the start of a deeper correction for GPS?

Buy and Trade $GPS

GPSUSDT

Perp

0.010921

+1.60%

#GPS #GPSUSDT #BTCMiningDifficultyDrop #USIranStandoff #BitcoinGoogleSearchesSurge