$MASK Jumps +19%, Breaks Resistance — Has the Real Uptrend Begun?
#MASK/USDT has shown a remarkable price explosion with a strong rise of over +19.92% over the course of 24 hours, reaching $2.161 after touching the daily high of $2.191. Is this the breakthrough traders have been waiting for?
Technical Analysis:
Bollinger Bands:
The price is strongly breaking the upper band, reflecting significant buying momentum. This is usually followed by an upward extension or a mild correction to catch a breath.
MA (5 and 10):
A clear bullish crossover, with the price consolidating above both MAs, reinforces the positive trend.
RSI (6): 81.43
In the overbought zone, indicating that buyers are in control of the market, but caution is advised against a short-term correction.
MACD:
A positive crossover and continued green bars reinforce the short-term bullish momentum.
Suggested Trading Strategy: "Momentum Breakout"
Ideal Entry:
When the $2.00-$2.05 level is retested as a new support area.
Stop Loss:
Below $1.90 to reduce risk in case of a sudden reversal.
Profit Targets:
First Target: $2.35
Second Target: $2.55
Extended Target: $2.85 if momentum continues.
Do you expect MASK to reach $3.00 this week? Or does the market need to calm down? Share your opinion with us in the comments 👇