Considering the chart for the MASK/USDT pair on Binance, here is my short-term analysis with maximum possible accuracy:
1. General Trend Analysis
The price is trading in a downward trend in the short term, showing a continuous decline with a break of previous support levels.
2. Nearby Supports and Resistances
Strong Support: at 0.986 USDT (previous low).
Nearby Resistance: at 1.4 – 1.5 USDT, where the price may encounter a weak rebound.
3. Technical Indicators
✅ Moving Averages MA (5,10)
Short Moving Average (MA 5) = 78,740,027.2
Long Moving Average (MA 10) = 91,950,462.0
The averages indicate a downward trend as the price is below both averages.
✅ MACD Indicator
DIF = -0.706
DEA = -0.672
MACD = -0.034
These values indicate bearish momentum but are close to being oversold.
✅ Stochastic RSI
4.724, which is a very low value indicating that the price is in the oversold area, suggesting a potential nearby rebound.
4. Short-term Forecast
Bearish Scenario: If the price breaks 1.26 USDT, we may see a drop to 1.1 – 1.0 USDT or even test the level of 0.986 USDT.
Bullish Scenario: If rebound signals appear, the first target will be 1.4 – 1.5 USDT.
If you hold the coin, a stop-loss below 1.2 USDT may be suitable to avoid a larger drop.
⚠️ Note: Any upward movement will only be confirmed if the price rises with strong trading volume and exceeds the level of 1.3 - 1.4 USDT.
I will hold until reaching the highest peak $MASK