GPSUSDT trade ideas
#GPSUSDT is forming a bearish structure📉 Short BYBIT:GPSUSDT.P from $0.02888
🛡 Stop loss $0.02952
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 0.03326, marking the highest volume zone and a major resistance above the current price.
➡️ The 0.02952 level acts as local resistance and an ideal stop placement.
➡️ Price BYBIT:GPSUSDT.P has already tested the $0.02888 support — a confirmed breakdown could trigger stronger downward momentum.
➡️ Volume is increasing on the decline, supporting the sellers' pressure.
🎯 TP Targets:
💎 TP 1: $0.02850
💎 TP 2: $0.02810
💎 TP 3: $0.02787
📢 Watch for a clean break of the $0.02888 level — it could be the entry trigger for this short setup.
📢 If price pulls back above $0.02952, the short scenario becomes invalid.
BYBIT:GPSUSDT.P is forming a bearish structure — continuation to the downside is expected if support fails.
$GPS good time for entryAfter a good announcement , we can take an advantage of Buy Back Plan, with almost $6M fund that approved to be use for BUY BACK, with new MM. i think they already prepare for make CAPITALCOM:GPS price rising.
According the new update, KYB already approved. the next plan in this week is to get start for BUY BACK rally.
Still be a smart trader.
GPS - GoPlus Security Network!
It may seem too early, but from that chart prospective the price is breaking the 0,12$..
That sounds really great right?
We still need some confirmation, but the price and volumes together says that there is someone buying it and pushing price up.
There is a cup&Handle if wanna say so, which can boost the price around a dollar.
yeep, you read it well!
If we see another up candle we are going to increase our long exposure, setting our target around 1.5$.
The market is up, everything is overpriced, as Virtuals has escalated from 0.10 to 3$, so this coin can.
Lets see how it works!
Good trading!