🚀 $MASK — chance for a rebound after a strong decline
💰 Entry: 1.862
🎯 Targets: 2.15 / 2.48 / 2.95
🛡️ Stop: 1.65
📉 $MASK fell by 33.57%, and the current price of 1.862 looks like a potential reversal level. After the sell-off, consolidation is observed — sellers are losing strength, and volumes are beginning to rise. RSI has dropped below 30, which often indicates oversold conditions and a potential upward rebound.
📊 A base is forming on the chart. The price is holding above the support at 1.65 — this is a critical level, and if it breaks, the scenario is canceled. If we break 1.95 upwards — an impulsive rise is possible.
📈 The target of 2.95 offers about +58% profit with a risk of ~11.4% — a risk/reward ratio of about 1:5. The trade looks attractive for short-term trading with control over the stop and risk.
💼 I recommend not investing more than 3-5% of the portfolio to maintain position manageability.
🧠 Currently, there is weakness — but at such points, reversals often begin. Watch the level of 1.95 and the volumes — they will signal movement.