$GPS – Bearish Continuation in Focus
GPS has broken below key support at $0.0137, confirming weakness and extending the bearish structure. Sellers remain in control with no strong buyer defense in sight.
Market Structure:
• Resistance: Repeated rejection from $0.0170, keeping upside capped.
• Support: Breakdown under $0.0137 now exposes lower liquidity zones.
• Current Move: Price consolidating below range lows, signaling further downside.
Trading Outlook:
• Bearish Case: Continuation move targets $0.0120 first, with deeper risk toward $0.0105.
Momentum remains against bulls, no signs of reversal yet.
Takeaway:
As long as GPS trades under $0.0137, the structure stays bearish. Sellers are steering the market, and any recovery attempt will face heavy resistance below $0.0160.
