$GPS is setting up for a clean downside continuation. I’m watching this closely because structure is shifting and sellers are quietly taking control.

After a weak bounce, price failed to reclaim higher levels and started forming lower highs. Momentum is fading, and liquidity above recent highs looks like it was just a trap before continuation. This means pressure is building on the downside.

I’m positioning for a short.

TRADE SETUP

Direction: SHORT

Entry Zone: 0.012800

Target Points:

TP1: 0.012000

TP2: 0.011000

Stop Loss: 0.013100

Why this setup works:

Price is rejecting near local resistance and failing to hold strength above 0.0130. I’m seeing clear signs of distribution — weak pushes up followed by stronger sell reactions. That tells me sellers are defending this area.

The stop is placed just above invalidation. If price breaks and holds above 0.013100, the bearish structure is compromised. Until that happens, downside liquidity remains the magnet.

Risk is controlled. Reward is clean toward 0.012000 and potentially 0.011000 if momentum expands.

I’m not chasing. I’m letting price come into the entry zone and executing with discipline.

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