$GPS USDT Breakdown Alert – Sellers in Control After 0.01030 Rejection
GPSUSDT just printed a strong sell signal around 0.0103017, and the structure is clearly showing weakness after failing to hold above short-term resistance. The recent rejection near the 0.01030–0.01040 zone confirms this level as immediate resistance. On the downside, key support is forming around 0.00980, with a deeper demand zone near 0.00920. A clean break below 0.00980 could accelerate bearish momentum toward lower liquidity areas.
From a technical perspective, RSI appears to be trending below the mid-50 level, suggesting fading bullish strength and increasing selling pressure. If RSI continues moving toward 40 or below, it would confirm stronger bearish momentum. MACD also shows signs of a potential bearish crossover, indicating that downside continuation is possible. Price trading below short-term moving averages further strengthens the short-term bearish bias.
Market sentiment right now is Bearish in the short term. Sellers are clearly defending the 0.01030 resistance area, and volume suggests distribution rather than accumulation.
Strategy: At this stage, aggressive traders may consider short opportunities on pullbacks toward resistance with tight risk management. Conservative traders should Wait for either a confirmed breakdown below 0.00980 or a strong reclaim above 0.01040 before entering. Risk management is key in this volatility.
Are you holding GPSUSDT or waiting for a better entry level? Share your plan in the comments.
Not Financial Advice (NFA). Always do your own research before trading.
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