$MASK 🚀 🚀 BULLISH 🚀 🚀
MASK/USDT Trade Setup
Current Price: $1.603
24h Volume: $9.39M (relatively healthy liquidity for intraday/swing trades)
1. Trend Analysis
Short-Term Trend: Consolidating near support.
Mid-Term Trend: Bearish to sideways – downtrend since major highs, but showing signs of stabilization.
2. Key Support and Resistance Levels
Support 1: $1.55 (Recent swing low)
Support 2: $1.42 (Major support zone)
Resistance 1: $1.75 (Near-term resistance)
Resistance 2: $1.95–2.00 (psychological + previous breakdown level)
3. Indicators
RSI: Likely in 40–45 zone – suggests slight bearish momentum, but close to oversold.
MACD: May be converging – watch for bullish crossover.
Volume: Decent 24h volume suggests continued interest – possible accumulation phase.
4. Trade Strategy: Range or Reversal Setup
If price holds above $1.55 support:
Entry (Buy):
Between $1.58–1.61 (wait for a candle confirmation near support)
Stop-Loss:
Below $1.50 or hard stop at $1.42 (depending on your risk appetite)
Targets:
Target 1: $1.75
Target 2: $1.95
Target 3: $2.15 (only if breakout volume confirms)