$GPS USDC BEARISH REVERSAL SETUP 📉🔥$BTC
The market has shown strong rejection from the resistance zone, hinting at a bearish reversal on the $GPS/USDC pair. Price is currently trading at $0.02461 (-6.78%), struggling to reclaim bullish momentum after tapping resistance.
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🔍 KEY LEVELS TO WATCH:
🔼 Resistance:
$0.02499 (local top & MA(99) resistance)
$0.02518 (next major resistance level)
🔽 Support:
$0.02427 (MA(25) + structure support)
$0.02371 – $0.02366 (strong demand zone + 24h low)
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💣 TRADE SETUP – SHORT ENTRY
📍 Entry Zone: $0.02460 – $0.02450
🎯 Targets (TP):
TP1: $0.02427
TP2: $0.02371
TP3: $0.02366
🛑 Stop Loss (SL): $0.02505
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📊 CONFIRMATIONS:
Bearish rejection at MA(99)
Volume spike on red candle
Failure to sustain above key moving averages (MA 25 & 99)
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🛡 RISK MANAGEMENT TIPS:
Risk only 1-2% of capital per trade
Maintain minimum 1:2 RR
Always wait for candle close confirmation before entering 🔒
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⚠️ Stay sharp! Bears are taking control. Trade wisely and manage risk like a pro! 💼📉
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