$GPS USDT – EARLY REVERSAL SIGNAL? WATCH THE BOUNCE!
STRONG WICK FROM SUPPORT
BUYING INTEREST EMERGING NEAR $0.02230
$GPS just printed a long lower wick on the 4H chart, bouncing from a fresh low of $0.02230 after a prolonged downtrend. This price action suggests potential seller exhaustion, with a bullish recovery candle now forming.
Volume is starting to build up, indicating early accumulation. If the price can reclaim the $0.02350 zone, it could confirm a short-term trend reversal and open the door for a stronger recovery move.
Trade Setup (Reversal Play):
Long Entry: $0.02300 – $0.02320
Stop Loss (SL): $0.02210
Target 1 (TP1): $0.02370
Target 2 (TP2): $0.02460
Target 3 (TP3): $0.02540
Risk-reward favors early entry with a tight stop. Watch for confirmation via bullish follow-up candle and rising volume.
Latest Price: $0.02303 (–1.16%)
Outlook: Potential reversal zone, bullish bias above $0.02250
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