📉 Short 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 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.
📢 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.
GPSUSDT.P is forming a bearish structure — continuation to the downside is expected if support fails.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.