The MASK-USDT chart reveals an intriguing scenario.
Currently, the token has broken a strong prevailing trendline and therefore attracting buying pressure/sentiments. However, it's crucial to note that sellers are also consolidating their positions, indicating a potential downside. Traders should closely monitor the market for a reversal at 4.800 - 5.000 levels.
Our analysis identifies two crucial price levels to watch: the buying area at 3.500 USDT, which has historically shown strong support, and the resistance zone between 4.800 and 5.000 USDT. A successful rejection from the resistance area (4.800 -5.000) could signify a bearish trend and offer opportunities for profit-taking at 3.500 levels .
good area to buy for long term bag is 2.500 levels!
#plan your trade and trade your plan
Currently, the token has broken a strong prevailing trendline and therefore attracting buying pressure/sentiments. However, it's crucial to note that sellers are also consolidating their positions, indicating a potential downside. Traders should closely monitor the market for a reversal at 4.800 - 5.000 levels.
Our analysis identifies two crucial price levels to watch: the buying area at 3.500 USDT, which has historically shown strong support, and the resistance zone between 4.800 and 5.000 USDT. A successful rejection from the resistance area (4.800 -5.000) could signify a bearish trend and offer opportunities for profit-taking at 3.500 levels .
good area to buy for long term bag is 2.500 levels!
#plan your trade and trade your plan
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Twitter : twitter.com/kingscharts
Telegram : t.me/kingchart
Telegram : t.me/kingchart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.