Post
๐ GPSโ Chart Analysis & Trade Setup
๐ Market Structure
* Previously in uptrend โ distribution โ breakdown
* Sharp dump from ~0.0107 โ 0.0065
* Current price: ~0.0082 (strong bounce)
* Structure now: Relief bounce after sell-off (not confirmed trend reversal)
* RSI recovering from oversold โ momentum improving
๐ Conclusion: Short-term bullish bounce, but mid-structure still weak
โธป
๐ข LONG Setup (Bounce Play)
๐ Pullback Entry (Best)
* Entry: 0.0076 โ 0.0079
* Stop Loss: 0.0072
* Take Profit:
* TP1: 0.0088
* TP2: 0.0095
* TP3: 0.0100
๐ Breakout Entry
* Entry: Break above 0.0088
* Stop Loss: 0.0082
* TP: 0.0098 โ 0.0105
๐ This is a counter-trend recovery long, not full bullish yet
โธป
๐ด SHORT Setup (Preferred Higher Probability)
๐ Rejection Zone
* Entry: 0.0088 โ 0.0093
* Stop Loss: 0.0098
* Take Profit:
* TP1: 0.0080
* TP2: 0.0072
* TP3: 0.0065 (previous low)
๐ Reason: Price is still under major resistance + bearish structure
โธป
โ ๏ธ Key Levels
* Resistance:
* 0.0088 โ 0.0093 (key supply zone)
* 0.0100+ (major resistance)
* Support:
* 0.0078 (short-term)
* 0.0072
* 0.0065 (strong base)
โธป
๐ง Market Insight
* This move looks like:
๐ Dead cat bounce / relief rally after liquidation
* Smart money often:
* Sell into bounce
* Reload shorts at resistance
* Need to see:
* Strong volume + higher high above 0.0095 to confirm reversal
โธป
โ
Strategy Summary
* Safer bias: SHORT at resistance
* Aggressive: LONG bounce scalps
* Avoid: FOMO long at 0.0082 (mid-zone, low edge)
#CoinMoveAlert
$BASED $JELLYJELLY $OL

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