$GPS /USDT BEARISH SETUP – SLIDING BELOW KEY SUPPORT, MOMENTUM FADING 🔻

📌 Current Price: $0.02414 (-7.30%)

📈 24H High: $0.02613

📉 24H Low: $0.02409

📊 Volume (GPS): 57.70M

💵 Volume (USDT): 1.46M

🛰 Category: Monitoring

🔍 TECHNICAL OVERVIEW (4H & 1D TIMEFRAMES)

is currently hovering at its 24H low, signaling continued bearish momentum. The token was rejected from the $0.02600+ zone, forming a clear lower high, and has since dropped to test the $0.02400 support level.

Structure suggests that bearish control is intact, and unless reclaims $0.02550+, sellers are likely to drag it further down.

🔑 KEY LEVELS TO WATCH:

Support Zones:

🔻 $0.02400 – Current support (24H low)

🔻 $0.02320 – Next minor support

🔻 $0.02200 – Strong historical support

Resistance Zones:

🔺 $0.02500 – Minor resistance

🔺 $0.02600 – Local rejection zone

🔺 $0.02750 – Major supply area

⚔️ TRADE SETUP (SHORT):

🔽 Entry Zone: $0.02410–$0.02430

🎯 TP1: $0.02320

🎯 TP2: $0.02200

🛑 SL: $0.02520 (above lower high)

> 📉 Breakdown Confirmation: 1H or 4H candle close below $0.02400 on volume confirms trade.

⚖️ RISK MANAGEMENT:

Limit exposure to 2–3% of capital

Use tight SLs for high RR setups (1:2 or better)

Watch for volume spikes to confirm breakdown

📈 SUMMARY:

$GPS is showing signs of a bearish breakdown, sitting just above a key support at $0.02400. If this level fails, price could quickly slide to $0.02320 or even $0.02200. A strong bounce above $0.02520 is needed to challenge this bearish bias.

🚨 Stay cautious – trend favors the downside unless bulls step in fast.

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