MASKUSDT trade ideas
MASK/USDT Short Scalp Analysis#MASK/USDT Short Scalp Trade:
Trade Setup:
Market: #MASK/USDT
Entry Price: $5.48-$5.52
Targets: $5/$4.85
Stop Loss: 4H candle close above $5.57
Short scalp trade alert! :- We're looking to go short on #MASK/USDT with an entry price range of $5.48-$5.52. Our targets are set at $5 and $4.85, while our stop loss is at a 4H candle close above $5.57.
Our analysis shows that the pair is currently showing signs of bearish momentum, with the price trading below key resistance levels. Additionally, the RSI indicator is also indicating a bearish divergence, further supporting our short bias.
If you're interested in taking advantage of this trade opportunity, we recommend using proper risk management techniques, such as setting stop loss levels and taking profits at predefined target levels.
Stay safe and happy trading!
MASKUSDT possible short term reversal Based on the observed price action, it appears that MASK has formed a Head and Shoulders pattern, with the neckline coinciding with a significant Fibonacci level of 0.618. If the neckline is breached, there is a potential for a bearish move towards the subsequent Fibonacci level.
🔥 MASK Huge Bullish Wedge Break Out After FOMCMASK was one of the major winners of March, until it topped at $7 and saw a couple of days of straight selling.
With the FOMC meeting behind us, it seems that MASK has bottomed for now. In my view, this is exactly what investors have been waiting for: a change of trend.
I'm looking at $6 and $7 as potential near-term targets.
MASKUSDT Possible long ideaThe MASKUSDT has a lot of strength right now, in addition to the buying volume that has increased in the last few days, we can see that it brokeout the triangle and the SMA of 50 and the SMA of 20 on the daily timeframe, in addition to that it made a bullish engulfing exactly at the bottom of the triangle, confirming the signs of a rise in that zone.
At the moment it is making a movement correction, which in my view can have 2 possible scenarios, either it will start to show exhaustion when touching the upper part of the triangle, or it will retest the SMAS of 20 and 50.
