A $2.70K LONG liquidation just hit
$GPS at $0.00865, flushing leveraged long positions and resetting short-term market structure. Liquidations of this size often clear weak hands and open a volatility window as price searches for its next direction.
With leverage removed,
$GPS is now trading at a key reaction zone. If buyers step in and defend this level with volume support,
$GPS could attempt a recovery move. Failure to hold may lead to further downside exploration before balance is restored.
Trade Setup
EP: 0.00855 – 0.00875
TP1: 0.00930
TP2: 0.01020
TP3: 0.01180
SL: 0.00820
Post-liquidation moves can be sharp — let price action confirm direction.
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