📉 Updates and Trade Settings ⚫️
On the 1-hour chart $GPS / USDT, the price is consolidating above a strong support zone around 0.0100-0.0103 after a short-term downtrend. Selling pressure seems to be easing, and the price is compressing under a descending resistance trendline.
If the price holds the support and breaks the trendline, it may move towards 0.0120-0.0125, with a target price close to 0.0150. A drop below 0.0100 would invalidate the bullish outlook and lead to bearish downside risks. The overall bias remains cautiously bullish, while support remains unchanged.
📉 $GPS Long Trade Setup
Leverage: 5 to 10× or spot only
👉 Contest Entry: CMP
👉 DCA: ($0.0106)
TP: $0.01180, $0.026, $0.0135, $0.0150
Stop Loss: $0.010 area
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