$GPS just crashed… is this the final wipeout?
Short GPS
• Entry: 0.00740 – 0.00760
• Stop Loss: 0.00785
Targets:
• TP1: 0.00690
• TP2: 0.00650
• TP3: 0.00600
$GPS is facing a sharp capitulation-style breakdown on the 1H timeframe after losing key support with strong selling pressure. Price has been making lower highs and lower lows, with the recent red candle cluster confirming heavy downside momentum.
Despite some bids showing in the order book, buyers have not yet been able to absorb the pressure. The structure remains weak, and the current move suggests that sellers are still in control.
The bearish bias remains valid as long as price stays below the 0.00780 resistance zone. Any bounce into resistance with weak volume could offer another short opportunity.
Trade $GPS here 👇🏻
GPSUSDT
Perp
0.007552
+0.05%