WHY #gas COIN PUMPING ?
The recent pump in Gas coin can be attributed to the announcement from Neo founder Da Hongfei about plans to create an Ethereum Virtual Machine (EVM)-compatible sidechain for Neo. This development increases the utility of both the Neo and Gas tokens, which has likely sparked speculation and contributed to the significant price increase.
When considering a trading strategy for Gas, it's important to note that opposing the market trend can be risky. Gas has reached its all-time high (ATH), and it's essential to be cautious when trading at such levels. Opening a long position with a high-risk appetite may be an option, but always use a Stop Loss (SL) to manage potential losses, as you've mentioned with a $4.8 SL. Keep a close eye on market conditions and be prepared for potential volatility.
