$GPS USDT – BEARISH PRESSURE BUILDING, BREAKDOWN LOOMS!
NO STRONG BOUNCE. LOWER LOWS WITH RISING SELL VOLUME.
$GPS continues its downtrend on the 4H chart, currently trading at $0.02328 after hitting a fresh 24H low of $0.02306. Price action remains weak with consistent rejection at lower highs, and sellers are dominating with sharp red candles.
Despite minor attempts at recovery, the bulls have failed to regain control. The lack of buying momentum combined with increasing bearish volume suggests the next leg down is likely. If $0.02300 breaks, GPS could accelerate toward $0.02230 or lower.
SHORT TRADE SETUP
Entry: $0.02320 – $0.02340
Target 1: $0.02250
Target 2: $0.02180
Stop Loss: Above $0.02390
Structure remains clearly bearish. No signs of reversal yet. Any bounce is a potential shorting opportunity unless volume flips in favor of bulls.
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