โ๐ SETUP IโM WATCHING TONIGHT: $GPS SHORT ๐
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โThe broader market is still weak tonight โ $BTC is around $80,700, and $ETH is around $2,376. So tonight Iโm not forcing a trade against the trend; Iโm going with the current momentum: SHORT $GPS.
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โWhy this setup looks interesting to me:
โ๐ The daily chart is still in a downtrend, not just briefly in the red
โ๐ Price has just pulled back to the 4H EMA50 โ an area where sellers have been stepping back in
โ๐ Daily RSI is 37.8 & 4H RSI is 44.7 โ momentum still leans downward, with no strong reversal signal yet
โ๐ธ Funding is -0.0168% โ not extreme, so this isnโt a setup driven by a panicking crowd
โ
โ๐ LEVELS IโM WATCHING
โEntry: 0.0082
โStop-loss: 0.0087
โTP1: 0.0078 (take 30%)
โTP2: 0.007617 (take 30%, 4H support)
โTP3: 0.007583 (take 40%, 4H support)
โPlan: if TP1 hits, move the stop-loss to breakeven first โ let the rest run.
โ
โโ ๏ธ One important note: $GPS liquidity is thin, so spreads can be wide and the price can jump around. Donโt chase the price if itโs already moved far from the entry; wait for it to return to the area Iโm watching.
โ
โYour turn ๐
โWhich side are you on tonight: SHORT, going with the downtrend like this setup, or LONG, waiting for a bounce at support? Drop a comment: which one do you choose, AND why? Feel free to say whether you agree or disagree with this setup too! ๐ฌ
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โNot financial adviceโDYOR ๐
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#Bitcoin #CryptoIndonesia #TradingCrypto #GPS #AnalisaCrypto