$MASK /USDT TRADE SETUP &ANALYSIS

🟢 Long Setup (Continuation)

Entry Zone: Pullback to $2.00–$2.08 (retest of breakout zone)

Stop-Loss: Below $1.85 (swing low and EMA confluence)

Target 1: $2.40 (upper red trendline resistance)

Target 2: $2.60–$2.80 (breakout extension)

Risk/Reward: Minimum 1:2, ideally 1:3 or better

🔁 Aggressive Buy Breakout

Entry: On confirmed candle close above $2.20 with volume

Stop-Loss: Tight at $2.08

Target: $2.40+

Trendline: Ascending red trendline

🧠 Technical Pattern & Price Action

1. Bullish Breakout

Price has broken above a strong horizontal resistance around $2.08–$2.10 (marked by multiple highs).

Current candle is large and bullish, indicating a breakout with strong momentum.

2. Higher Highs & Higher Lows

Price structure forms consistent higher lows (L) and higher highs (H) – a hallmark of an uptrend.

Recent higher low at around $1.85, which also aligns with the green MA support.

3. Moving Average Support

Price is riding the green EMA (likely 20-period), bouncing off it during retracements.

Suggests active bullish trend — buying on dips toward the MA has worked.

4. Trendline Channel

Price is still trading below the ascending resistance trendline (~$2.40+).

This trendline can serve as the next target zone or a potential rejection point.

Use with caution if entering late in the breakout.

Heikin Ashi: Great for trends, but doesn't show wicks/candlestick reversals — double-check with standard candles before acting

✅ Bias

Strongly Bullish

As long as price holds above $2.00 and especially $1.85, the bulls remain in control. Breakout traders can ride momentum toward $2.40+, while swing traders may wait for a pullback.

Trade $MASK #Mask #BinanceAlphaAlert