This is what I feared would happen.
$MASK reached ~3.5 only to retrace to 1.8. All in a single Day.
If you were waiting for a retracement to enter, there you have it... all too soon.
MetaMask deals/partnerships seem to be well received but only briefly.
After every violent rise, $MASK snaps back below its 200D EMA no matter how compelling the reason to hype about it. It might trend for a while before it loses momentum, as it did just recently when it fell into obscurity.
If you go LONG beware that unless this time is different, it is likely to correct as aggressively as it brokeout.
If you SHORT mind that this time there could be some other catalyst at play, provided the sudden spike in activity is not a large purchase in weak order books.
There is a limit on how much value you can attach to utility tokens with limited benefits.
DYOR.
After every violent rise, $MASK snaps back below its 200D EMA no matter how compelling the reason to hype about it. It might trend for a while before it loses momentum, as it did just recently when it fell into obscurity.
If you go LONG beware that unless this time is different, it is likely to correct as aggressively as it brokeout.
If you SHORT mind that this time there could be some other catalyst at play, provided the sudden spike in activity is not a large purchase in weak order books.
There is a limit on how much value you can attach to utility tokens with limited benefits.
DYOR.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
MASK
1.854
-48.12%