GAS is flashing a huge risk/reward setup at its current price of $3.75. The charts are calling โ and the balance could tip big if the breakout happens right. Letโs break it down, Square style:
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๐ Market Pulse on GAS
Current Price: $3.75 (hovering around the $3.80 mark recently)
Technical Setup: Strong bullish trend confirmed by multiple timeframes โ 1โฏh and daily charts show long bias while maintaining support above ~$3.32โ$3.40
Chart Pattern: A classic falling-wedge breakout is brewing โ typically a powerful reversal play with 10โ50% upside potential
Momentum Indicators:
MACD is bullish and rising
RSI recently entered overbought but without bearish signal โ could push higher
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๐ ๏ธ Trade Blueprint โ 5 TP, Entry, SL Included ๐
๐ฏ Strategy Entry Stop-Loss ๐ TP1 TP2 TP3 TP4 ๐ฏ TP5
Main Long Setup $3.75 $3.60 $3.90 $4.10 $4.40 $4.75 $5.10+
Entry: Around $3.75 โ ideally after a strong breakout candle closes above wedge resistance.
Stop-Loss: Below support cluster (around $3.60) โ protect in case of false breakout.
Targets:
TP1: $3.90 โ initial bounce zone
TP2: $4.10 โ psychological & resistance
TP3: $4.40 โ near short-term fib area
TP4: $4.75 โ approaching 50โday MA resistance
TP5: $5.10+ โ stretch zone on full breakout momentum
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๐ What to Watch
1. Volume Spike on Breakout
Expect reinforcing volume as price pushes above wedge โ a true breakout sign.
2. Candle Structure
Look for solid green daily/4โฏh candles clinging above wedge โ structure matters!
3. Macro & Crypto Context
BTC direction and altcoin sentiment could turbocharge or stall this move.
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โ Square Fam Guidelines & Mentality
๐ฏ Plan Everything: Entry, exit, and SL should be set before trading.
๐ฌ Community Interaction: Share setups like โI'm long at $3.75 โ watching TP1 at $3.90!โ
๐ก๏ธ Transparency: Always say โNot financial adviceโ and urge DYOR.
๐ Keep It Respectful: No hype, just clean, thoughtful discussion.
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๐ Quick Recap
Entry: $3.75
SL: $3.60
TPs: $3.90 โ $4.10 โ $4.40 โ $4.75 โ $5.10+
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โจ Final Word: GAS is setting up a high-reward wedge breakout โ classic structure, solid momentum, and defined risk-reward. Letโs execute with discipline, share our plays, and crush it โ Square Fam style! Drop your thoughts or entries below ๐