🔴updated technical analysis and trade setup for $MASK /USDT (5-minute chart):
#ellonmask_comeback_for_new_era
---
📊 Market Overview
Current Price: $3.5604
Change: +20.14%
24H High: $3.6300
24H Low: $2.6438
Strong uptrend still intact, but signs of cooling may emerge short-term.
---
🔍 Chart Analysis (5m)
✅ Trend: Bullish
Price forming higher highs and higher lows.
Bollinger Bands expanding: price riding the upper band = trend strength
Parabolic SAR still below price = uptrend support
Volume is healthy but starting to flatten
⚠️ RSI(6): 67.5
Nearing overbought → watch for consolidation or light pullback
📉 L.S. Accumulation:
Shorts are increasing → 71% short sentiment
Market could squeeze further if resistance breaks again
---
🎯 Possible Entry Zones
🟢 LONG Entry (Continuation):
Entry Zone: $3.53 – $3.56 (current consolidation area)
SL: Below $3.46 (below local structure)
Targets:
TP1: $3.63 (24H High)
TP2: $3.72
TP3: $3.85
🔁 Alternative Long (Pullback):
Buy near: $3.46 – $3.48 (middle Bollinger band area)
Ideal if price dips but uptrend structure holds
---
🔴 SHORT Entry (Reversal Anticipation):
Only if price breaks below $3.44 with strong volume
SL: Above $3.55
TP1: $3.30
TP2: $3.15 (fib support)
⚠️ High risk if trend resumes, so only trade breakdown confirmation
---
🧠 Market Sentiment:
Still bullish, but near-term traders likely taking profits
If volume returns and $3.63 breaks → expect further rally
If $3.44 fails → small trend correction begins
