$GPS
Preparing for a smooth continuation in the downward direction. I am watching this closely as the structure changes and sellers quietly take control.
After a weak rebound, the price failed to regain higher levels and began to form lower highs. Momentum is fading, and liquidity above the recent highs seems to have been just a trap before the continuation. This indicates that pressure is increasing in the downward direction.
I am setting up for a short trade.
Trade setup
Direction: Short
Entry area: 0.012800
Target points:
TP1: 0.012000
TP2: 0.011000
Stop loss: 0.013100
Why this setup works:
The price is rejecting near local resistance and failing to hold strength above 0.0130. I see clear signs of distribution - weak pushes up followed by stronger selling reactions. This tells me that sellers are defending this area.
The stop loss is placed just above the invalidation level. If the price breaks and holds above 0.013100, the downward structure will be at risk. Until that happens, downward liquidity remains the magnet.
Risks are under control. The return is clean towards 0.012000 and possibly 0.011000 if momentum expands.
I do not chase. I let the price enter the entry area and execute with discipline.
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