Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again, we need a break above the upper red trendline AND the last high in gray.
Meanwhile, until the buy is activated, MASK would be overall bearish and can still break the 2.0 downward.
If the 2.0 is broken downward (daily candle close), then a movement till the 1.5 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again, we need a break above the upper red trendline AND the last high in gray.
Meanwhile, until the buy is activated, MASK would be overall bearish and can still break the 2.0 downward.
If the 2.0 is broken downward (daily candle close), then a movement till the 1.5 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich