$GPS Explodes on 1H Chart — But Is It Sustainable?

Massive breakout candle with heavy volume just sent $GPS flying

But here’s the catch… RSI is above 90 😳 That’s extreme overbought territory.

This move looks impulsive — not structured. When RSI stretches this hard, price usually cools off before the next leg.

👀 Key Level: 0.0123 resistance zone

If it rejects → short-term pullback likely.

If it consolidates above 0.0120 → continuation toward 0.0130 possible.

📌 Trade Plans:

🟢 Pullback Long (Safer Play)

Entry: 0.0116 – 0.0118

SL: 0.0110

TPs: 0.0123 / 0.0128 / 0.0133

🔴 Rejection Short (If Wicks Appear)

Entry: 0.0122 – 0.0124

SL: 0.0129

TPs: 0.0117 / 0.0112 / 0.0109

Don’t chase green candles. Let price come to you.

Breakouts reward patience — not FOMO.

GPS

0.01324

-4.54%