Throughout this bull phase, the sequence has been identical every time: $GPS - Momentum overheats - Sharp correction resets leverage - Price dumps into this exact line - The next expansion leg starts
We’ve seen it over and over this cycle. And now price is back at that same level.
This line has consistently marked: • Leverage flushes • Selling pressure exhaustion • Trend continuation zones
Historically, this area hasn’t meant weakness. It’s been the transition point.
If the structure stays intact, this is where upside reloads.
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