【$GPS Signal】Short | Main Force Distributing After Sharp Rally

$GPS After a 30% violent surge, clear signs of distribution appeared at high levels. Price divergence from open interest (OI), coupled with Taker sell volume dominance, indicates a typical short covering + main force distribution structure.

🎯Direction: Short

🎯Entry: 0.01245 - 0.01255

🛑Stop Loss: 0.01300 (Rigid Stop Loss)

🚀Target 1: 0.01120

🚀Target 2: 0.01000

On the 4-hour chart, three consecutive volume-increasing bullish candles completed the rally, but the last candle’s buy/sell ratio dropped to the balanced point of 0.5, indicating exhaustion of chasing buying. Key data points: 1) OI flattened at new highs, suggesting the rally was driven by short covering rather than new long positions; 2) Deep negative funding rate (-0.5%) exposed large unstable long leverage, prone to liquidation; 3) The order book’s asks are heavily stacked above 0.01251, forming a clear supply zone. Logically, this is a “long trap” after a “short squeeze,” with the main force distributing at high liquidity levels.

Trade here 👇 $GPS

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