$GPS /USDT – Faces Rejection at $0.0206 — Short Trade in Play
$GPS tested resistance near $0.0206 multiple times but failed to break through, forming a tight range and indicating seller strength. Price now sits just below the resistance wall with potential downside if rejected again.
Current Price: 0.0194
24H High / Low: 0.0206 / 0.0172
24H Volume: Stable
15m Chart Analysis:
Price action shows repeated rejection at resistance and consolidation below, suggesting fading momentum and a possible reversal.
Short Trade Plan:
Entry Zone: 0.0194–0.0196
Final Target: 0.0172
Stop Loss: 0.0206
Why This Setup Makes Sense:
Triple-top resistance formation, with lower highs and weak break attempts. Bears may take control below $0.0190.
Risk Strategy: Take partial profit at $0.0182, keep stop tight above $0.0206
Take short Trade here on $GPS
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