$MASK #Mask
* MASK/USDT 1H chart
1. OVERVIEW
Current price: 1.671
24h volatility: -13.78% (sharp decrease)
24h high: 2.217
24h low: 1.665 (very close to current price)
Volume: Spike when price dropped sharply, indicating panic selling
2. TECHNICAL ANALYSIS
A. Price trend
Price dropped sharply and decisively from the 2.2 area to 1.67 in just a few hours
Strongly cut below MA7, MA25, and MA99 => strong bearish
No significant recovery candle yet => no confirmed bottom
B. Technical indicators
MACD:
Both DIF and DEA lines are negative, histogram increasingly larger => downtrend still strong
RSI(6):
RSI = 11.74 => extremely oversold
This is a rarely seen low RSI level, a technical bounce could occur at any time
Volume:
Volume surged as price fell => could be a washout (shakeout before a bounce)
3. TRADING STRATEGY
A. LONG TRADING (technical bottom fishing)
Only for experienced traders, strict risk management
Entry: 1.65 – 1.68
TP1: 1.80 (nearest MA7)
TP2: 1.92 (MA25 area)
SL: 1.60 (break below 1.665)
Probability: Average – market may bounce but bottom not confirmed yet
B. SHORT (if bounce fails and MACD does not improve)
Entry: 1.75 – 1.80 (if weak pullback occurs)
TP1: 1.65
TP2: 1.55
SL: 1.85
Probability: High if price bounces slightly then continues to sell off strongly
C. SPOT
Entry: 1.66 – 1.68
TP: 1.90 – 1.95
SL: 1.59
Strategy: Speculate on technical bounce within 24h
4. CONCLUSION
MASK/USDT is severely oversold, with the potential for a technical bounce in the short term
Short-term long trading to catch the technical bottom could be attempted but needs tight SL
If it cannot bounce above the 1.80 area, then shorting according to the downtrend remains the safer choice