#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.
