$MASK $📉 Technical Analysis of MASK/USDT – Is the Uptrend Over? 👀
🔍 Overview:
The MASK coin experienced a sharp rise to 3.73 USDT, before suddenly dropping to 1.73 USDT. This violent move raises many questions about the next phase.
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📊 Technical Indicators:
🔹 Moving Averages (MA)
Current price below MA20 and MA100 → Negative signal
MA10 bearish crossover with MA20 → Continued selling pressure
🔹 Trading Volume
There was an explosion in trading volume at the time of the crash → Strong potential for panic selling
Afterwards, a relative calm → Momentum decline
🔹 Relative Strength Index (RSI)
RSI on the 1h frame at ~36 → Close to oversold
RSI on the 15m frame ~51 → Still neutral
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📌 Support and Resistance Levels:
✅ Strong Support: 1.73 USDT
🔺 Current Resistance: 1.94 USDT
❗ Strong Resistance: 2.16 USDT
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🎯 Suggested Strategy:
Scenario 1 (Bearish):
If 1.73 is broken with a strong close, we may see a test of levels around 1.60 and possibly lower.
Scenario 2 (Bullish):
If it holds above 1.83 and breaks the 1.94 level, there may be a rebound towards 2.16.
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📌 Summary:
The MASK coin is undergoing a strong correction after a violent rise. Support and resistance levels should be monitored closely. Trade with caution and consider entering on confirmed technical signals.
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📢 Do you expect a rebound soon? Share your opinion in the comments!
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