MASK is attempting to stabilize above the downward trend line, indicating the market's desire to shift towards an upward trend. There are two strong support levels at $3.5 and $3.4, which are suitable for step-by-step entry. Short-term targets can be considered at $3.7 and $4. This is merely an analysis and should not be regarded as a buy or sell signal.
The structure of the chart leads me to believe that we could see a large drop down to the lower support before the move higher gets started. If we do get down to the lower support, then I think there's a 10x long opportunity up to the resistance in the $20s. Let's see how it plays out over the coming weeks.
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BINANCE:MASKUSDT (4H CHART) Technical Analysis Update MASK is currently trading at $3.541 and showing overall bullish sentiment MASK is about to break resistance after months of consolidation, this consolidation can be a good trigger for the bullish tend. Resistance is around 3.9 and this price breakout is gonna be our entry point. Entry level: $ 3.9 -...
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BINANCE:MASKUSDT after the sell-off wave, which was triggered by the BTC correction from ATH, calms down and forms a pre-breakdown consolidation against the range resistance. The coin forms a symmetrical triangle, a pattern that is a consolidation, but the price exit beyond the boundaries is accompanied by a surge in volume, liquidity and is essentially a...