Should GAS buy the dip? Return to zero or break through to new highs
This round of bull market star currency GAS is actually quite tangled in reaching this position.
People who are bullish will think that the bull market is coming. GAS has fallen so much and it is time to rise. Moreover, GAS is listed on all major exchanges and the circulation is so low that it is easy to pull it up.
People who are bearish will think that GAS is a worthless garbage zero-return coin, and there are so many hold-up orders above 20 to 30 US dollars. It will not rise anymore and will be empty until it returns to zero.
Anyway, both long and short positions make sense, so the current trend of GAS is very confusing. Recently, the market has experienced a shock.
I think it is a bit difficult for GAS to return to the upward trend in the short term, because there are indeed a lot of hold-up orders at the top, unless big dealers take action again, but GAS can indeed catch up at the low level, and there will always be an oversold rebound.
