$GPS S/USDT Short trade signal ๐ฅ ๐
BEARISH BREAKDOWN LOOMING ๐จ๐
๐ Market Analysis:
$GPS/USDT is showing strong downside momentum after failing to hold key support levels. The current price is $0.0508 (-6.27%) and the pair has been forming consistent lower highs and lower lows โ a clear sign of a bearish trend.
๐ Key Levels:
Resistance: $0.0540, $0.0568
Support: $0.0485, $0.0432 (critical)
๐ผ Trade Setup:
Short Entry: $0.0505
Take Profit (TP): $0.0485, $0.0450
Stop Loss (SL): $0.0540
๐ Market Outlook:
Bearish structure remains intact as the price is trending below the 30-minute moving averages with increasing sell volume. A breakdown below $0.0485 could trigger further selling pressure toward $0.0432.
โ ๏ธ Risk Management:
Use proper position sizing and risk no more than 2% of your capital per trade. Watch for increased volatility near support levels.
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