$MASK /USDT – BASE BUILDING OR DEAD CAT BOUNCE? 🐾
$MASK is up +5.37% today, trading at $1.669, bouncing off its recent low of $1.534. After a brutal drop from $3.73, the price is now stabilizing just below the 99 EMA ($1.675), hinting at a possible base formation.
However, the 7 EMA ($1.912) and 25 EMA ($2.042) are still above the current level, indicating resistance ahead. A breakout above the 99 EMA could spark renewed bullish interest.
📊 Trade Setup (High-Risk Reversal Play):
• Entry Zone: $1.63 – $1.69
• Take Profit 1: $1.78
• Take Profit 2: $1.95
• Take Profit 3: $2.10
• Stop Loss: $1.49
Price action must reclaim the $1.78 level to confirm momentum reversal. Watch volume closely!
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