$GPS Is the short squeeze accompanied by an oversold rebound? 😵‍💫

The current price is 0.00566, still firmly below the trailing stop-loss line at 0.00610 by over 7%! The bearish trend has continued since it started at 0.00558, with the highest rebound only reaching 0.00568, as if scratching the downward trend.

Although the MACD green bars (negative values) have slightly converged, the bearish momentum still dominates. Currently, it is tightly hugging the support level at 0.00552, with the rebound space sealed off by heavy resistance above. Every rebound seems like a mantis trying to stop a chariot, providing better entry points for the bears.

Be cautious of a rebound after overselling, but remember, counter-trend rebounds are often opportunities to escape. The true dawn of a bullish trend requires waiting for the price to strongly recover that stair-step downward trend line. 👀🚨