Post
$GPS
Technical Analysis
• Main trend: The currency pair is in a strong breakout (Bullish) on the 4H frame. After a period of accumulation around the region, the price has crossed important moving averages (MA5, MA10, MA20, MA60).
• Price signal: The nearest green candle has a long body, showing overwhelming buying power. The current price () is approaching the old peak ().
• Volume (Volume): The trading volume column skyrockets uniformly with the price increase, confirming that the cash flow is pouring in strongly.
Trading Strategy
• Buy point (Entry): Buy priority when the price adjusts slightly (retest) to the MA5 support area around . Avoid buying and chasing (FOMO) right at the top of the current candle.
• Take Profit (Take Profit): Expect the next target at $0.0085 - $0.0090 if successfully breaking the resistance level.
• Stop Loss (Stop Loss): Close the position if the price breaks through the hard support area (the intersect of the MA lines).
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