$GPS #GPSUSDT Current price is $0.02792, down 17.5% in 24 hours. The coin is in a clear downtrend, trading below the middle Bollinger Band (0.02829) and near the 24h low of $0.02783.
Key observations:
- The RSI(6) ranges from 16 to 36, indicating weakness but not extreme oversold conditions yet.
- MACD shows slight bearish momentum (DIF below DEA).
- Volume is declining, with MA5 dropping from 321M to 14M, suggesting fading interest.
Key levels to watch:
- Resistance at $0.02889 (upper Bollinger Band).
- Critical support at $0.02783 (24h low).
Trading approach:
For shorting, consider entries near $0.02889 if the price gets rejected, targeting $0.02783 with a stop-loss above $0.02950. A break below $0.02783 could extend losses toward $0.02690.
For buying, wait for the price to hold above $0.02783 with RSI(6) crossing above 40, targeting $0.02889 initially and $0.03024 next. A stop-loss below $0.02750 would limit risk.
The trend remains bearish unless the price reclaims $0.02889 convincingly. Watch the $0.02783 level closely—losing it could lead to further downside.
Let me know if you'd like adjustments or additional details.#signaladvisor #FutureTarding #IsraelIranConflict #MarketRebound $AVAX