$GPS Market Analysis & Trading Setup:-
Market Overview (Based on Chart Data)
Current Price: $0.0303 (-7.34%)
24h High: $0.0337
24h Low: $0.0302
Volume: 126.51M GPS
Parabolic SAR: 0.0328 (Bearish indication)
MACD: Negative (DIF: -0.0006, DEA: -0.0003, MACD: -0.0003)
Major Support: $0.0290
Major Resistance: $0.0316 - $0.0328
Market Sentiment: Bearish
The price is declining with lower highs and lower lows.
The Parabolic SAR dots are above the price, signaling a downtrend.
MACD is in negative territory, suggesting weak momentum.
Volume spikes during sell-offs confirm bearish pressure.
Spot & Futures Trading Setup
Spot Trading Setup
1. Buy Zone (Long Entry): $0.0285 - $0.0292 (Near previous support)
2. Target 1: $0.0315 (Resistance level)
3. Target 2: $0.0335 (24h high)
4. Stop Loss: $0.0275
Futures Trading Setup
Short Setup (Trend Continuation)
Entry: $0.0308 - $0.0312 (Near resistance)
Target: $0.0292 - $0.0285
Stop Loss: $0.032
Long Setup (Reversal Play)
Entry: $0.0290 - $0.0285
Target: $0.0315 - $0.0325
Stop Loss: $0.0278
Final Thoughts
$GPS is currently in a bearish phase, but a bounce from $0.0290 support is possible. Short-term traders can short at resistance and long at strong support. Watch for volume confirmation before entering trades.
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