GAS/USDT Break out with a strong green candle. Continue Upward ?
💎 GAS is currently a standout in the market, having broken out of a descending triangle pattern. This breakout was accompanied by a robust green candle, signaling strength. GAS is now entering a retesting phase at the demand area, previously a supply zone.
💎 Should GAS successfully navigate this retesting phase, there's a strong likelihood it will resume its ascent, aiming for the designated target supply area.
💎 However, if GAS struggles during the retesting phase and breaks below the demand area, we might see it retreat back to the support zone.
💎 A critical point to watch is if GAS fails to find footing at the support zone and doesn’t consolidate. In such a case, losing this support or breaking down could be indicative of a shift to bearish territory, potentially leading GAS to descend further towards a more substantial support area.
💎 Should GAS successfully navigate this retesting phase, there's a strong likelihood it will resume its ascent, aiming for the designated target supply area.
💎 However, if GAS struggles during the retesting phase and breaks below the demand area, we might see it retreat back to the support zone.
💎 A critical point to watch is if GAS fails to find footing at the support zone and doesn’t consolidate. In such a case, losing this support or breaking down could be indicative of a shift to bearish territory, potentially leading GAS to descend further towards a more substantial support area.
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