📉 $GPS
Short Setup: Breakdown Confirmed
We are seeing a clean technical breakdown on $GPS. The price has slipped below the primary trendline and is currently struggling to regain any bullish momentum. This weakness suggests a further move to the downside is likely.
⚡ The Strategy
The plan is to capitalize on this distribution phase with a disciplined short entry.
Entry Zone: 0.00685 – 0.00695 (Look for entries on the retest of the breakdown level).
Stop Loss (SL): 0.00724 (Keep it tight to protect capital).
🎯 Profit Targets
Target 1: 0.00650
Target 2: 0.00630
Final Target: 0.00617
💡 Trader's Note
The key here is patience. Watch for price action to hold below the trendline before heavy conviction. Trade with discipline and always manage your leverage.
Nabiha Noor
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