GPS/USDT Bullish Momentum – Key Levels & Trade Setup

The GPS/USDT pair has been exhibiting strong bullish behavior, gaining +21.12% in the last 24 hours, currently trading at $0.01233. The price has broken out from consolidation below the 200 MA, with buyers stepping in and pushing the price above key resistance levels, now testing new highs.

Key Levels to Watch:

Support:

$0.01040 (200 MA) – Strong support zone if the market faces a correction.

$0.01150 – A critical level for bulls to hold above.

Resistance:

$0.01250 – Immediate resistance that could act as a potential breakout level.

$0.01320 – Next significant resistance to watch if the trend continues higher.

Breakout Scenario:

If the price breaks above $0.01250 with solid volume, we could see a continuation toward $0.01320 to $0.01400.

Breakdown Scenario:

A failure to maintain above $0.01150 may bring the price back toward $0.01040, with further downside potential if the 200 MA is lost.

Trade Setup (1-Hour Chart View):

Bias: Bullish, as long as the price stays above the 200 MA.

Entry Zone: $0.01200 – $0.01220

Take Profit (TP):

TP1: $0.01250

TP2: $0.01300

TP3: $0.01400

Stop Loss (SL): Below $0.01140

Market Sentiment:

Bullish momentum remains intact, with strong buying pressure pushing the market higher. However, caution is needed near resistance levels to avoid a potential retracement.

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