$MASK / Short trade on a single pair 🔴🚦
Bearish reversal signal - Selling pressure returns below $3.00!
Its price rose to $3.000, but failed to hold above this resistance level, resulting in a rejection wick followed by a decrease in momentum.
The price has now dropped below $2.90, forming lower highs, indicating weakness in the upward structure on the thirty-minute chart.
The price sharply declined from the psychological resistance level of $3.00, and the current candles show hesitation and a tendency to sell near $2.90.
Any drop below $2.89 may confirm the continuation of the bearish trend towards support levels near $2.77.
Always place your stop-loss level above major rejection areas, such as $3.00 in this case.
Trading Setup (Sell):
Entry Price: $2.91 - $2.89
Targets:
1: $2.84
2: $2.78
Stop Loss: $3.02
Buy and trade here $MASK
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