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MASK / TetherUS PERPETUAL CONTRACT

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MASKUSDT.P trade ideas

MASK – Break out of Descending Channel• 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
Long
by NewThoughtCrypto
MASKUSDT → Tandem signal: resistance breakout and SMA crossing BINANCE:MASKUSDT is forming a correction in the format of a descending wedge. A rather strong consolidation is forming at the base of the uptrend under the resistance of the wedge. What to expect from the price? The coin breaks through the formed descending resistance and begins to form a bullish impulse. Since the bullish signal is formed at the base of the trend, the price demonstrates a rather weighty potential of 70-120% We have a tandem signal: moving averages crossover + wedge resistance breakout. Altcoins have recently improved dynamics and are starting to show good results, which suggests that the cryptocurrency market may come to life in the medium term. Support levels: 3,335, trend support, previously broken wedge boundary Resistance levels: 3,650 I expect a retest of the 3.650 level followed by a breakout. The buy signal is quite strong and there is a high probability that the coin will show bullish dynamics and rise to 4.840 or 6.00. Regards, R. Linda!
Long
by RLinda
10
MASK is Having a Hard Time For the time being MASK is still stuck in a bearish Channel. On June 21st -22nd, MASK had a chance to break above a former support trendline, now turned into resistance. Unfortunately, it failed. Next stop, IMO, is the 3.26 USD Support level. If it holds MASK can try for higher. This could also be a chance to try a long position with the invalidation below support. Not a high-confidence trade but the R:R ratio is insane. If MASK fails to hold the 3.26 USD level, next stops are 3.06 USD and 2.6 USD. Just to be clear, I am bullish on MASK. I think it has enormous upside potential. The only question IMO is when will MASK resume its uptrend, not if. Trade Idea: Entry: 3.06 SL: 2.87 Target: 7.2
Long
by NewThoughtCrypto
MASK Network Falling Wedge PatternCrypto MASK has recently formed a falling wedge pattern, which could potentially signal a bullish reversal in the near term. The falling wedge is a chart pattern characterized by a series of lower highs and lower lows, converging towards a point. This pattern typically suggests diminishing selling pressure and a potential breakout to the upside. In the case of MASK, the falling wedge pattern indicates that selling momentum may be waning, and buyers might be stepping in. This could lead to a potential price surge towards the projected price target of $4.50. Looking forward to read your opinion about it!
Long
by TopgOptions
Data: 2.5 million addresses of the MASK Foundation were transferAccording to news on June 23, according to monitoring by Ember, an analyst on the chain, a total of 2.5 million MASK (approximately US$9.45 million) has been transferred from the MASK Foundation address in the 14 hours since last night, accounting for 3% of the current circulation. 1.5 million (approximately $5.67 million) entered Binance through 3 Binance deposit addresses, each address 500,000; 1 million (approximately $3.78 million) was transferred to 0x157 address, of which 500,000 has been transferred to the OKX deposit address of DWF Labs Enter OKX.
by babs4mo
📉 Massive Market Shakeup! MASKUSDT Plunging Towards New Lows! Triangle Breakdown: MASDKUSDT recently experienced a significant breakdown from a triangle pattern, indicating a shift in market sentiment. This breakdown has captured the attention of traders and investors alike. Multiple Touch Trendline Support: After the breakdown, MASDKUSDT found support at a well-established trendline that has been touched multiple times in the past. This support level is crucial for determining the cryptocurrency's next move. Retest of the Triangle: The current price action suggests that MASDKUSDT is poised to retest the triangle from which it broke down. This retest will serve as a critical juncture, potentially determining whether the downward momentum will continue. Potential Downward Momentum: Traders are closely monitoring MASDKUSDT as it approaches the triangle retest. If the cryptocurrency fails to reclaim the triangle's support and continues to show weakness, it could pave the way for further downward pressure. Trading Strategy: Traders with a bearish outlook might consider entering short positions if MASDKUSDT confirms the triangle retest and demonstrates sustained downward momentum. Proper risk management and stop-loss orders are essential to navigate the volatile market conditions.
Short
by MyCryptoParadise_Simon
4
MASK - The Cleanest Shirt in the Dirty Laundry• MASK has been one of the coins that performed the best during 2023. During the month of October 2022 MASK made an astonishing 500% on the back of the hype of Elon Musk’s purchase of Twitter. Since then, it has kept the uptrend and only lost the 200D EMA on June 10th, 2023. • Unlike other coins, MASK’s uptrend is not completely lost. MASK needs only an 11% price appreciation to be above the up-trending support line, the 200, 50 & 21 EMA’s. MASK doesn’t have a lot to go to be bullish again. IMO, the only factors that can work against MASK are: 1. All the resistance is clustered together in a tight range. 2. A recovery of the crypto market is not yet certain. • If Bitcoin regains bullish momentum and pushes up, IMO, MASK will outperform not only Bitcoin but many of the altcoins. • If we assume that MASK’s performance during the bear market is indicative of future performance; I fully expect MASK to at least make it to its ATH, maybe more. My Trade Ideas: 1. This one is a bit risky. The premise of this idea is that the Bitcoin correction is over, which is not certain. It is not a bad idea if you have high conviction about MASK and you want to buy a spot bag or trade without leverage. Entry: 3.64 SL: 3.04 TP: 4.87, 7.33, 13.26 2. This is a more conservative approach. Let MASK reclaim the trendline and the EMAs and go long above resistance. Entry: 4.87 SL: Below the trendline TP: 7.33, 13.26 and leave a moon bag. NFA What do you think? Please share in the comments Best wishes to all
Long
by NewThoughtCrypto
MASKUSDTAfter a good performance, the mask has now taken a bearish shape and is under a static resistance and a dynamic resistance, which caused the formation of a double top pattern a few days ago. My prediction for the next few days is that the price will move towards historical support and possibly Failure is support. which you can see in the chart. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Short
by Madoir