NewThoughtCrypto

MASK – Break out of Descending Channel

Long
BINANCE:MASKUSDT.P   MASK / TetherUS PERPETUAL CONTRACT
• MASK is trading inside a Descending Channel for 110 days.
• Currently, it looks as if MASK is breaking out of the channel to the upside.
• Confirmation: break above 3.92 USDT and hold it as support.
• Target: 5.88
Trade Idea:
• Entry: 3.92
• SL: 3.54 (tentative, SL below previous low)
• TP: 4.94, 5.88.
• Target: 5.88 (Could go a lot higher)
• R: R: 1:4.76
NFA.
What do you think? Please share in the comments.
Best Wishes

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