🚨 $GAS SHORT SETUP – Rejection at Highs, Momentum Fading

$GAS printed a sharp impulsive rally, but price failed to sustain above the key 1.95–2.00 resistance zone. Strong rejection from highs signals exhaustion and potential reversal.

After the spike, structure is shifting: • Lower highs forming

• Buying pressure weakening

• Sellers stepping in aggressively

This price action suggests a classic blow-off top — liquidity taken, momentum fading, and downside rotation beginning.

Trade Plan:

🔻 Short $GAS

Entry: 1.82 – 1.88

Stop Loss: 2.00

Targets:

• TP1: 1.70

• TP2: 1.62

• TP3: 1.55

As long as price remains below 2.00, bias stays bearish with continuation toward lower support levels.

⚠️ Avoid chasing highs — this looks like distribution, not strength.

GAS

1.784

-0.16%