Trading Signal: $MASK /USDT (4H Timeframe)
Exchange: Binance Perpetual Futures
Current Price: $2.55 (approx.)
Price Change: +5.94% (recent bullish momentum)
Trade Setup:
Entry: Around $2.50 - $2.55 on pullback
Take Profit: $2.83 (first target), then $3.10 (next target)
Stop Loss: Below $2.30 to manage risk
Summary:
Technical Analysis:
MASKUSDT has shown a strong upward trend over the past weeks, breaking through previous resistance levels around $2.00.
Recent candlesticks indicate a strong bullish breakout with a peak near $2.83.
Current pullback to $2.55 could be a healthy retracement, potentially offering a good entry point.
Support levels to watch: $2.40 and $2.00
Resistance level to target: $2.83 and above $3.00 if momentum continues.
MASKUSDT is exhibiting strong bullish momentum on the 4-hour chart, making it a good candidate for a long position on pullback. Use tight risk management with a stop loss below $2.30.
Remember: Always do your own research and trade responsibly.
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