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$GAS Analysis: Breakout or Fakeout? 🚀
I am keeping a close eye on
$GAS . Recently, the chart showed a clean range breakout followed by a fast spike. While we’ve seen a pullback, this reflects strong buyer interest mixed with short-term profit-taking after a liquidity sweep near 2.20.
🛠 The Trade Setup (Conditional Long)
We are looking for a high-probability entry where risk is minimized.
• Entry Zone: 1.88 – 1.95
• Target 1: 2.05 (Immediate Resistance)
• Target 2: 2.20 (Previous Spike High)
• Target 3: 2.38 (Extended Breakout Goal)
• Stop Loss: 1.75 (Below post-breakout base / Structure invalidation)
🔍 Market Advisory & Strategy
The rejection at 2.20 marks a clear near-term resistance. However, the bullish thesis remains valid as long as the price holds above the 1.85–1.88 support cluster.
• Volume Watch: Declining volume during this current consolidation is actually a healthy sign.
• Confirmation: We need to see a strong volume expansion and a reclaim of 2.05 to trigger the next leg up.
• Risk Warning: A failure to hold the 1.85 level increases the risk of a deeper pullback toward the original breakout zone.
Current Price: 1.911 (+8.51%)
Stay disciplined and manage your risk! 🛡️
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