Strong upward wave, but will it ignite strongly or fade quickly?
GAS formed a strong green candle on the four-hour chart, breaking through the 25 and 99 period moving averages as if it were a torch burning through butter. The momentum has returned - the question is: will it continue?
๐ Current price: $2.85
๐ Breakthrough Confirmation: Holding above $2.77 (MA99) supports the upward trend.
Target: $4.00
โก๏ธ Key psychological and structural resistance. This could indicate a full rise.
๐ก Support levels:
$2.77 - Dynamic support at the 99 moving average
$2.60 - Short-term swing low
$2.40 - Previous consolidation area and strong support
Trading volume is the missing element here - if it rises sharply, GAS could launch a strong push. Otherwise... it might just be a fleeting wick.