📉 $GPS

/TRY – SHORT OPPORTUNITY AFTER REJECTION AT 1.059

Current Price: 0.954 TRY

Daily Change: +0.74%

24h Range: 0.940 – 1.059

Volume: 43.02M GPS / 42.92M TRY

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🔍 Technical Summary

GPS/TRY failed to sustain above 1.05, facing rejection at 1.059, indicating sell pressure near the highs.

Price now trades near 0.954, just below the MA(5): 540K and well under MA(10): 1.17M, suggesting declining momentum.

Short-term depth shows strong resistance forming above 1.001.

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🔻 Trade Setup: Short Bias

Entry: 0.960 – 0.975 TRY

Stop Loss: 1.065 (above recent high)

Take Profit 1: 0.920

Take Profit 2: 0.902 (recent low & order book base)

Risk/Reward: ~1:2.5

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📌 Why Short?

Lower highs and a failure to hold gains at daily high.

Strong volume drop-off despite slight price uptick (potential bull trap).

Support zone near 0.902 gives a clear TP structure without ambiguity.

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⚠️ Risk Management

Watch for bullish divergence on low timeframes (15m/1h).

Avoid entry if price closes above 1.01 with volume, indicating breakout risk.

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