$GPS – BEARS GAIN MOMENTUM, SUPPORT LOOKS WEAK!
$GPS slipped from the $0.01310 high and is now trading at $0.01234, after touching a fresh low at $0.01226. The chart shows a clear pattern of lower highs and heavy red candles, confirming strong bearish momentum. If buyers fail to defend the $0.01226 level, the price could slide further toward $0.01210 and even $0.01190. Increasing sell volume during the drop reinforces bearish control, while any recovery attempt is likely to face resistance near $0.01259.
Trade Setup:
Short Entry: $0.01235 – $0.01240
Take Profit (TP): $0.01226 / $0.01210 / $0.01190
Stop Loss (SL): $0.01260
As long as $0.01259 holds as resistance, bears remain in control with further downside potential.