🚨📍🚨$MASK /USDT Crashes 37%🚫 BOUNCE or BREAKDOWN???
Based on the 4-hour chart for MASK/USDT, here’s technical analysis:
Massive Red Candle: A sharp -37% drop with high volume suggests panic selling or liquidation.
Support Hit: Price touched $1.735, which may act as temporary support.
Volume Spike: Huge volume bar indicates capitulation — possible short-term bottom.
MA Breakdown: Price fell below MA(7), MA(25), and MA(99) — a strong bearish signal.
Bearish Momentum: Indicators like MACD likely turning negative (not visible but implied).
Overextended Drop:
A technical bounce (dead cat bounce) is possible.
Risk High: Catching falling knives is dangerous — wait for confirmation.
Conclusion:
Wait for price stabilization or bullish reversal signal. Not safe to buy yet without confirmation.
