π GAS has indeed garnered significant attention in the market. Currently, there is a possibility that GAS will undergo a retesting phase at the support area before resuming its upward movement to attempt a breakout of the supply area. It's noteworthy that GAS has consistently faced rejection upon reaching the supply zone.
π If GAS manages to successfully break above the supply area, it could trigger a bullish momentum, probability the price further upward toward our target area.
π However, if GAS fails once again to break above the supply zone, there's a likelihood of the price being rejected and retracing back towards the support area, or potentially even descending to the demand area.
π If GAS retraces to the demand area around $5.5, it is crucial for it to bounce from this level. Failure to do so could indicate a continuation of the downward movement for GAS, leading to further declines.
π If GAS manages to successfully break above the supply area, it could trigger a bullish momentum, probability the price further upward toward our target area.
π However, if GAS fails once again to break above the supply zone, there's a likelihood of the price being rejected and retracing back towards the support area, or potentially even descending to the demand area.
π If GAS retraces to the demand area around $5.5, it is crucial for it to bounce from this level. Failure to do so could indicate a continuation of the downward movement for GAS, leading to further declines.
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