GPS's recent rally has been quite strong. It has recently surged by 30%, and the price has stabilized above the MA5, MA10, and MA20 lines, forming a typical bullish alignment.



From a momentum perspective, trading volume has significantly increased, and the MACD has shown a golden cross, with the histogram expanding. This indicates that the bulls still have strength to continue pushing. However, it is important to note that the KDJ indicator has already surged to the 85-90 range, clearly entering the overbought zone. In the short term, such high levels are prone to pullbacks or consolidation at high levels, so caution is advised when chasing the rally.

The current key price levels are as follows: resistance above is at 0.0080-0.0081 (previous high), and support below is at 0.0072 and 0.0069. If you want to participate, it’s safer to wait for a pullback to the support levels before entering, rather than blindly chasing higher. The short-term is somewhat overheated, but the long-term bullish trend remains intact.
GPS-4,95%
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