$GPS /USDT Analysis: Massive Spike followed by Sharp Correction! 📉⚡
The chart shows
$GPS has hit a local top at $0.01677 and is now cooling off. After a parabolic move, a retracement is healthy, but caution is key!
📊 Key Observations:
Current Price: ~$0.01188
Support Zone: The $0.0106 - $0.0113 range is critical. If it holds here, we might see a "dead cat bounce" or consolidation for the next leg up.
Resistance: Needs to reclaim $0.0132 to regain bullish momentum.
⚠️ Strategy: Avoid FOMO at these levels. Look for a base to form around the MA(25) before considering a long position. If it breaks below $0.010, expect a deeper correction toward $0.0093.
Stay disciplined! 🛡️
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