🔴updated technical analysis and trade setup for $MASK /USDT (5-minute chart):

#ellonmask_comeback_for_new_era

#DontMiss_Ellon_Mask

---

📊 Market Overview

Current Price: $3.5604

Change: +20.14%

24H High: $3.6300

24H Low: $2.6438

Strong uptrend still intact, but signs of cooling may emerge short-term.

---

🔍 Chart Analysis (5m)

✅ Trend: Bullish

Price forming higher highs and higher lows.

Bollinger Bands expanding: price riding the upper band = trend strength

Parabolic SAR still below price = uptrend support

Volume is healthy but starting to flatten

⚠️ RSI(6): 67.5

Nearing overbought → watch for consolidation or light pullback

📉 L.S. Accumulation:

Shorts are increasing → 71% short sentiment

Market could squeeze further if resistance breaks again

---

🎯 Possible Entry Zones

🟢 LONG Entry (Continuation):

Entry Zone: $3.53 – $3.56 (current consolidation area)

SL: Below $3.46 (below local structure)

Targets:

TP1: $3.63 (24H High)

TP2: $3.72

TP3: $3.85

🔁 Alternative Long (Pullback):

Buy near: $3.46 – $3.48 (middle Bollinger band area)

Ideal if price dips but uptrend structure holds

---

🔴 SHORT Entry (Reversal Anticipation):

Only if price breaks below $3.44 with strong volume

SL: Above $3.55

TP1: $3.30

TP2: $3.15 (fib support)

⚠️ High risk if trend resumes, so only trade breakdown confirmation

---

🧠 Market Sentiment:

Still bullish, but near-term traders likely taking profits

If volume returns and $3.63 breaks → expect further rally

If $3.44 fails → small trend correction begins

#ellonmask