$MASK /USDT BEARISH RETEST — PRICE STRUGGLING TO HOLD ABOVE $2.55 SUPPORT!
$MASK /USDT is currently showing signs of exhaustion after a sharp rally up to $2.88. Price has broken below short-term structure and is now forming lower highs and lower lows on the 15-minute chart. The current bounce toward $2.55 appears weak, suggesting a bearish retest rather than strength.
Trade Setup (SHORT):
Entry Zone: $2.55 – $2.62
Target 1: $2.40
Target 2: $2.25
Stop Loss: $2.68
Why Short?
After touching $2.88 highs, the volume has thinned, and bearish pressure has increased. Multiple rejections around $2.70 confirm seller dominance. If price fails to reclaim $2.60 quickly, another leg down is likely.
Risk Management Tip:
Never short blindly — wait for a lower high or rejection candle near $2.60 for confirmation before entry.
Sell smart — don’t chase green candles when the trend is turning red!
Watch the retest — breakdowns always start with weakness at resistance.