$MASK couldn't sustain its breakout above $1.70, facing a strong rejection and forming lower highs – a clear sign of building bearish momentum.
Key Levels to Watch:
Resistance: $1.65 – $1.70
Support: $1.48
Breakdown Trigger: Below $1.53
Short Trade Setup:
Entry Zone: $1.535 – $1.555
Take Profit 1: $1.48 💰
Take Profit 2: $1.43 💰
Stop Loss: $1.61 ❌
Market Insight:
The sharp wick rejection from $1.70 and consecutive red candles suggest a potential intraday pullback opportunity.
Pro Tip:
Keep an eye on volume – if selling intensifies below $1.53, a swift drop to support levels is likely.
Bearish momentum is rising – ride the wave down before the bounce! 🔥🔻
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