\$GPS Oversold Alert! Can Bulls Defend the \$0.02060 Support?
\$GPS is under serious selling pressure, trading at \$0.02068 — a drop of 8.70% today. It's sitting just above a critical support zone at \$0.02060. If bulls don’t show up soon, a deeper decline is likely.
Key Resistance Levels:
Immediate Resistance: \$0.02100
Next Barrier: \$0.02130
Breakout Zone: \$0.02150
If it clears \$0.02150, watch for these targets:
Target 1: \$0.02200
Target 2: \$0.02300
Support Area:
Main Support: \$0.02050
If broken, expect a slide to:
Target 1: \$0.01980
Target 2: \$0.01900
Trade Ideas:
🔹Long Setup (Breakout Strategy):
Entry: Above \$0.02110
Take Profits: \$0.02150 / \$0.02250
Stop Loss: Below \$0.02050
🔻Short Setup (Breakdown Strategy):
Entry: Below \$0.02050
Take Profits: \$0.01980 / \$0.01900
Conclusion:
GPS is at a critical level. A bounce here might spark a quick recovery, but if it loses \$0.02050, more downside is on the table. Volume will be key — watch it for early signals.
