$MASK – Is it building a base or a dead cat bounce? 🐾
It rose by +5.37% today, trading at $1.669, bouncing off its recent low of $1.534.
After a sharp decline from $3.73, the price has now settled below the 99 EMA ($1.675), indicating a potential base formation.
However, the 7 EMA ($1.912) and the 25 EMA ($2.042) are still above the current level, indicating future resistance. A breakout above the 99 EMA could reactivate buying interest.
Price action needs to reclaim the $1.78 level to confirm a momentum reversal. Watch trading volume closely!
📊 Trading setup (high-risk reverse play):
• Entry area: $1.63 – $1.69
• Targets:
1: $1.78
2: $1.95
3: $2.10
• Stop loss: $1.49
Buy and trade here $MASK
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