$GAS Spot Buy $GAS buy for 1000$ to 2k$ at current price
we see an accamulation for almost 2 years on this coin with a support conformation on weekly and if the upper wedge is broken this can fly upto 3x from here.
7.7 as first target for it time estimated value would be 4-5 weeks. #Write2Earn #GASUSDT
🔸 1. Market Structure: Price initially tested a strong resistance zone (marked at the top). After hitting that resistance, it rejected and started to drop — signaling seller dominance. Eventually, price reached a key support zone, where it showed multiple bounces — confirming strong buying interest.
🔹 2. Liquidity Trap and Fakeout:
There was an initial breakout attempt above resistance — traders likely entered long here.
But that breakout failed, leading to a liquidity trap — the market hit stop-losses above the resistance zone.
After grabbing liquidity, the price reversed sharply downward — a classic fakeout setup.
📈 3. RSI Confirmation:
During the fake breakout, RSI was in overbought territory, warning of a possible reversal. Later, when a genuine breakout happened again, RSI broke above 50 with confirmation — aligning with price action. 🟢 4. Valid Entry Setup: A clean breakout occurred after the trap, with high momentum. Ideal entry: On breakout candle close above resistance. Stop-loss: Below the breakout candle or recent swing low. Take-profit: Previous high or a Fibonacci extension level. ✅ Summary: The chart displays a smart liquidity trap followed by a confirmed breakout. The RSI + price action + support/resistance confluence made it a valid scalping opportunity. Such setups are ideal for short-term traders who wait for traps to clear and enter on real momentum.