$GPS /USDT – Bearish Breakdown in Progress!

Momentum Analysis:

GPS/USDT has experienced a sharp drop of 16.60% in the past 24 hours, signaling a bearish shift. The price is currently trading at 0.0874, closer to the 24-hour low of 0.0813. RSI shows an oversold condition, suggesting possible short-term consolidation before further movement.

Breakout Confirmation Level & Key Support:

Key Resistance: 0.0931 (recent high)

Key Support: 0.0813 (24h low)

Breakout Confirmation Level: A break below 0.0813 could trigger further downside pressure.

Long Setup:

Entry Zone: Avoid long positions until a solid reversal pattern forms.

Target: N/A – Focus on watching for stabilization and potential reversal signals.

Stop Loss: If entering a long position after a confirmed reversal, consider placing a stop below 0.0813.

Pro Tip for Traders:

Watch for reversal signals or any support bounce near 0.0813. If the price holds and starts showing upward momentum, a possible reversal could unfold.

Relevant Hashtags:

#GPSUSDT #CryptoTrading #BearishTrend #SupportLevel #RSIAnalysis