$GPS is showing a clean breakout after a long 4H consolidation.



Momentum has expanded aggressively, but price is now testing resistance near 0.01735. A successful hold above the breakout zone could open the next leg higher.

Key levels:

• Entry Zone: 0.01520–0.01580
• TP1: 0.01735
• TP2: 0.01820
• TP3: 0.02000
• Stop-Loss: 0.01420

Trend: Bullish
Support: 0.01520 / 0.01420
Resistance: 0.01735 / 0.01820

The breakout has momentum. The key now is whether buyers can hold the breakout zone instead of turning this move into a sharp rejection.

#GateEventPointsSystemLaunched #USD1FuturesZeroMakerFee
GPS4.16%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1210 views
  • Reward
  • 3
  • 1
  • Share
Comment
Add a comment
Add a comment
CoinBaker
· 08-17 12:33
The 0.01420 stop-loss is quite reasonable, and the risk-reward ratio is favorable; the only concern is a false breakout followed by a direct plunge back down.
Reply0
CrossChainRanger
· 08-17 12:32
The breakout is fairly clean, but don’t chase it unless 0.01735 holds firmly; wait for a pullback for greater stability.
Reply0
GasMan
· 08-17 12:26
This volume-backed breakout after the 4H consolidation does seem to have something to it, but calling for longs only after it has reached resistance is a bit awkward. If you want to get in, wait for a pullback to the 0.0152–0.0158 area; if it breaks below 0.0142, don’t kid yourself—get out.
Reply0
  • Pinned