📉 Expecting a short on GPS (GoPlus Security)
The coin looks overheated after the recent bounce. Current price ≈ $0.027
🔻 Reasons for the short:
— Technical resistance zone at $0.028–0.029
— RSI at the edge of overbought
— Buyback has already played out — potential for a pullback
— Potential target: $0.0210–0.0215
🎯 Take-profit: $0.0211 (partially can be fixed at $0.0222)
📊 Risk/profit ≈ 1:2
I am watching the volumes and price reaction near $0.025 — if there is a deviation from the level, I will confirm the position.
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🔔 Not financial advice. Watch the risk.