Yesterday, in the short term for GPS, if the price can stabilize around 0.032, and with the MACD histogram shortening or even turning green, it may restart the upward trend, challenging the previous high of 0.03776 or even higher.
If it falls below 0.032, we need to observe the support at the 0.030 level; breaking this level will lead to a deeper correction.
Currently, GPS is in a downward channel dominated by bears, showing obvious weakness in the short term. It is advisable to maintain a light position and observe, waiting for market recovery signals before considering any positions. Until it has bottomed out, any rebound should be treated as a weak pullback; do not blindly chase highs!
