🚨 $GPS
— Exhaustion Selloff → Relief Bounce Setup 🚨
I’m spotting a sharp selloff that pushed straight into a clear exhaustion zone. Price flushed aggressively toward 0.00485, swept liquidity, and then sellers completely lost momentum 🧹📉. Right after that sweep, candles tightened up and price began holding above the base — classic signs of a panic sell followed by stabilization.
📊 Market View
The overall trend was bearish, but the downside move was too fast, too emotional. Moves like that often trap weak sellers 😵💫. Now we’re seeing price stabilize at the lows with small candles and repeated defenses, which suggests supply is drying up and selling pressure is getting absorbed 🛡️📈.
🎯 Trade Plan
📍 Entry Zone: 0.00488 – 0.00496
🎯 TP1: 0.00515
🎯 TP2: 0.00542
🎯 TP3: 0.00575
🛑 Stop Loss: Below 0.00478
🧠 Why This Can Work
Liquidity was swept below the recent low, stop-losses got cleared, and price quickly reclaimed the short range 🔄. Demand stepped in, absorbed the selloff, and volatility is now compressing 📉➡️📊. As long as buyers hold control above the base, a move back toward the prior breakdown zone is very possible 🚀.
🔥 Let’s go — time to trade $GPS! 🔥
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