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Bassman
Bassman
πŸ”Ž GPS– Chart Analysis & Trade Setup πŸ“Š Market Structure * Previously in uptrend β†’ distribution β†’ breakdown * Sharp dump from ~0.0107 β†’ 0.0065 * Current price: ~0.0082 (strong bounce) * Structure now: Relief bounce after sell-off (not confirmed trend reversal) * RSI recovering from oversold β†’ momentum improving πŸ‘‰ Conclusion: Short-term bullish bounce, but mid-structure still weak βΈ» 🟒 LONG Setup (Bounce Play) πŸ“ Pullback Entry (Best) * Entry: 0.0076 – 0.0079 * Stop Loss: 0.0072 * Take Profit: * TP1: 0.0088 * TP2: 0.0095 * TP3: 0.0100 πŸ“ Breakout Entry * Entry: Break above 0.0088 * Stop Loss: 0.0082 * TP: 0.0098 – 0.0105 πŸ‘‰ This is a counter-trend recovery long, not full bullish yet βΈ» πŸ”΄ SHORT Setup (Preferred Higher Probability) πŸ“ Rejection Zone * Entry: 0.0088 – 0.0093 * Stop Loss: 0.0098 * Take Profit: * TP1: 0.0080 * TP2: 0.0072 * TP3: 0.0065 (previous low) πŸ‘‰ Reason: Price is still under major resistance + bearish structure βΈ» ⚠️ Key Levels * Resistance: * 0.0088 – 0.0093 (key supply zone) * 0.0100+ (major resistance) * Support: * 0.0078 (short-term) * 0.0072 * 0.0065 (strong base) βΈ» 🧠 Market Insight * This move looks like: πŸ‘‰ 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 βΈ» βœ… 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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