$GAS - Long Trade Setup :
- Price: $3.624
- Change: +8.73%
- 24h High / Low: $3.671 / $3.325
- Trend: Bullish Momentum Surge
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2. Trend & Moving Averages
- MA(7): $3.598 – Price trading just above it.
- MA(25): $3.514 – Clearly broken to the upside.
- MA(99): $3.471 – Was resistance, now acting as a support.
Insight: The price broke above the 99 MA with strong volume and surged toward $3.671. This is a short-term bullish breakout on volume.
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3. Support & Resistance
- Immediate Resistance:
- $3.671 (local top — possible double top risk)
- Support Levels:
- $3.598 (MA7 – dynamic support)
- $3.528 (previous consolidation breakout)
- $3.471 (MA99 – strong support now)
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4. Entry Strategies
# A. Pullback Entry (Safer Play)
- Wait for a retracement to around $3.55–$3.60
- Entry: $3.58 (ideal bounce zone)
- Stop Loss: $3.51
- Target 1: $3.67 (recent high)
- Target 2: $3.75–$3.80 (if breakout continues)
# B. Breakout Entry (Riskier)
- If price breaks and closes above $3.67 on volume:
- Entry: $3.68–$3.70
- Stop Loss: $3.60
- Target 1: $3.80
- Target 2: $3.95+ if momentum carries through
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5. Volume & Sentiment
- Strong volume spike confirms breakout, so short-term sentiment is bullish.
- Bid/Ask Ratio: 62.20% buyers dominate — supports short-term upward momentum.
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6. Risk Factors
- If it fails to hold above $3.60, we could see a deeper pullback.
- Overbought on shorter timeframes – possible consolidation incoming before another move.
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Conclusion
- Bullish above $3.60 – good for scalping or short-term swing.
- Wait for pullback if you missed the breakout — ideal long if it tests and holds $3.55–$3.58.
- Watch volume on retest to confirm strength.