$GAS /USDT Analysis (1H Chart)
Price Action:
The price has rebounded strongly from the demand zone at $5.40–$5.50, signaling renewed bullish momentum. If it holds above $5.55, a potential long entry at $5.60–$5.65 could target $5.90 and $6.10. A stop-loss at $5.35 provides risk protection.
Outlook & Key Levels:
A bullish continuation is likely if the breakout above $5.55 sustains.
Monitor $5.90 for possible short-term pullbacks. Rejection here could indicate consolidation or a retracement.
Failure to hold above $5.50 might shift momentum bearish, with increased pressure towards the lower range.
Technical Indicators to Watch:
Volume confirmation is critical to validate the momentum.
Pay attention to RSI and moving averages to assess overbought/oversold conditions.
Summary:
Bullish Scenario: Entry at $5.60–$5.65, targets at $5.90 and $6.10.
Bearish Scenario: Break below $5.50 may lead to downward pressure.
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