$GPS ❗️ GPS/USDT – Oversold and Finding a Bottom? ❗️
📉 Key Support & Resistance Levels
Resistance: $0.0356 → A break above could trigger a short-term recovery.
Support: $0.0322 → Holding this level is crucial to prevent further downside.
📊 Market Strength & Technical Indicators
24H Trading Volume: 284.49M GPS → High activity, but mostly sell pressure.
RSI (9.05): Extremely oversold, indicating a possible rebound soon.
MACD: Absent, meaning weak trend confirmation for now.
Order Book: Buyers are starting to step in, but selling pressure still dominates.
📈 Trade Setups for Consideration
🟢 LONG Setup (If price confirms a reversal)
Entry: Break above $0.0350
Target 1: $0.0380
Target 2: $0.0450
Stop Loss: $0.0315
🔴 SHORT Setup (If price breaks lower)
Entry: Breakdown below $0.0320
Target 1: $0.0300
Target 2: $0.0280
Stop Loss: $0.0360
⚠ Final Thoughts & Key Takeaway
❗️ GPS is in a strong downtrend, but RSI is at extreme oversold levels. If $0.0322 holds, a bounce is likely, but failure could lead to further decline. Watch for confirmation before entering a trade! 🚨
💬 What’s your take on GPS? Is a recovery coming, or will it drop further? Share your thoughts below! 👇
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