$MASK /USDT Bearish Test — The price struggles to stay above the support of $2.55!
$MASK /USDT is currently showing signs of exhaustion after a sharp rise to $2.88. The price has broken below the short-term structure and is now forming lower highs and lower lows on the 15-minute chart. The current bounce towards $2.55 seems weak, indicating a bearish test rather than strength.
Trade setup (Short):
Entry area: $2.55 – $2.62
Target 1: $2.40
Target 2: $2.25
Stop loss: $2.68
Why Short?
After touching the highs at $2.88, volume decreased and bearish pressures increased. Multiple rejections around $2.70 confirm seller dominance. If the price fails to reclaim $2.60 quickly, another drop is likely.
Risk management advice:
Never short blindly — wait for a lower high or a rejection candle near $2.60 for confirmation before entering.
Sell wisely — don’t chase green candles when the trend turns red!
Watch the test — breakdowns always start with weakness at resistance.$MASK