$MASK / USDT – Testing Resistance! 💪
$MASK is currently trading at $1.221, showing a gain of +2.95%. The 4-hour chart shows the price approaching the 24-hour high, indicating a potential test of resistance.
Potential Scenario:
Observation:
$MASK is showing upward momentum and is now challenging the resistance level around $1.222. A successful break could lead to further gains.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries on a confirmed break above $1.222 with increasing volume. Alternatively, look for support to hold around $1.215 for a potential bounce play if the breakout fails initially.
Target 1 (if breakout): $1.235
Target 2 (if breakout): $1.25
Final Target (if breakout): $1.26+ (testing previous highs)
Stop Loss (if breakout entry): Place a stop-loss below the breakout level, perhaps around $1.218.
Stop Loss (if bounce entry): Place a stop-loss below the $1.215 support, perhaps around $1.21.
Key Observation: The $1.222 level is crucial. Monitor for strong buying volume on any attempt to break through it to confirm the breakout.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
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