Smelling money or is it the burnt smell coming from these guys’ wallets while they’re enjoying the ride $GAS , right? Look at that blazing red chart and then it flips back to 7% within 24 hours—I'm sure those people can’t sit still. I don’t know whether to cut the trade and get out to recover a bit of capital, or to close your eyes and go big, waiting for a truly holy PUMP.
This market isn’t for the slow-footed, and $GAS is even more of a tough one. Let me break down the “trap” that’s being laid out for you.
Just by looking at the technical data, it’s clear the bears are trying to hold on:
🔹 On the 15-minute chart, the price is stuck below the MA(20) at 1.4227 and the EMA(9) at 1.3964. This shows the buying side is running out of steam right at the nearest resistance zone.
🔹 On the other hand, the 1-hour chart shows an interesting signal. The current price at 1.3340 is still holding its position above the MA(20) level at 1.3133. This is the hard support zone I’m watching. If this zone breaks, there’s a high chance a straight vertical DUMP will happen.
With my hard-earned experience, this coin is in an extremely irritating sideways accumulation phase. Don’t see green and get greedy, and don’t see red and rush to cut losses.
My personal setup for today is as follows:
📌 Position: TEST LONG
📌 Entry zone: 1.3150 - 1.3250
📌 Take Profit (TP): 1.4100 - 1.4500
📌 Stop Loss (SL): 1.2850
I choose this plan because 1.31 is the final hard stop for the buying side. If I’m wrong, I’ll accept losing the entry fee to preserve capital. If I’m right, I’m expecting a rebound to test the EMA(9) again on the 1-hour chart.
Are you holding $GAS , or are you waiting to “catch the bottom” at what price zone? Leave a comment and let me know if anyone shares the same mindset.
#Crypto #Trading #Binance
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).
This market isn’t for the slow-footed, and $GAS is even more of a tough one. Let me break down the “trap” that’s being laid out for you.
Just by looking at the technical data, it’s clear the bears are trying to hold on:
🔹 On the 15-minute chart, the price is stuck below the MA(20) at 1.4227 and the EMA(9) at 1.3964. This shows the buying side is running out of steam right at the nearest resistance zone.
🔹 On the other hand, the 1-hour chart shows an interesting signal. The current price at 1.3340 is still holding its position above the MA(20) level at 1.3133. This is the hard support zone I’m watching. If this zone breaks, there’s a high chance a straight vertical DUMP will happen.
With my hard-earned experience, this coin is in an extremely irritating sideways accumulation phase. Don’t see green and get greedy, and don’t see red and rush to cut losses.
My personal setup for today is as follows:
📌 Position: TEST LONG
📌 Entry zone: 1.3150 - 1.3250
📌 Take Profit (TP): 1.4100 - 1.4500
📌 Stop Loss (SL): 1.2850
I choose this plan because 1.31 is the final hard stop for the buying side. If I’m wrong, I’ll accept losing the entry fee to preserve capital. If I’m right, I’m expecting a rebound to test the EMA(9) again on the 1-hour chart.
Are you holding $GAS , or are you waiting to “catch the bottom” at what price zone? Leave a comment and let me know if anyone shares the same mindset.
#Crypto #Trading #Binance
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).