$MASK /USDT Trade Setup (Long)

🔍 Technical Analysis Overview

1. Chart Patterns

Inverse Head and Shoulders Pattern: Clearly visible with 3 "L" (low) markings—this is a bullish reversal pattern.

Breakout Confirmation: Price has broken above the neckline of the inverse H&S and surged.

Resistance Turned Support: Former resistance at ~1.50 now acting as support.

Strong Breakout Candle: Large green Heikin Ashi candle indicating strong bullish momentum.

2. Indicators

Moving Averages:

Green Line (possibly 9 EMA) is crossing above red MA (likely 21 EMA), a bullish crossover.

Volume and Momentum:

Sharp upward move with significant price displacement, suggesting volume spike (not shown but implied by the candle strength).

✅ Entry Point

1.597 - 1.622 USDT

This is the current zone of breakout and early retest. Entering here allows for confirmation entry.

❌ Stop-Loss

1.50 USDT

Set just below the recent consolidation and support level. Also below the green support line.

💡 Conservative traders can go slightly lower, e.g., 1.48, if room allows.

🏁 Take-Profit Targets

TP1: 1.75 USDT (near recent wick high)

TP2: 1.85 USDT (psychological round number & likely next resistance)

TP3: 2.00 USDT (medium-term bullish continuation level)

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