$GAS /USDT Short Trade Setup
$GAS is showing clear bearish pressure after failing to hold the $3.00 psychological level, now trading at $2.85, down -4.54% in 24h. The token is hovering just above the support zone at $2.83, which if broken, could trigger a cascade of selling pressure. With decreasing volume and a consistent downtrend on the lower timeframes, the setup favors a continuation to the downside.
Here’s a complete short trade setup with risk management included:
Entry:
$2.85 (Current price zone)
Stop Loss:
$3.01 — Above the local resistance and previous 24h high to protect against bullish wicks.
Take Profit Targets:
Target 1: $2.73 — First minor support zone from previous bounce.
Target 2: $2.61 — Stronger support, marking a consolidation area on historical 4H charts.
Target 3: $2.49 — A psychological level and demand area that last triggered a sharp reversal in price.
Risk-Reward Strategy:
RR for T1: ~1.0
RR for T2: ~1.7
RR for T3: ~2.6
Trade View:
Trend momentum is bearish on both 1H and 4H timeframes.
RSI is moving below 40, showing no sign of reversal yet.
Volume remains in favor of sellers, and no bullish divergence is seen.
Break below $2.83 confirms further downside, and if the daily closes below this, expect $2.60 to be tested quickly.
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