MASKUSDT trade ideas
#MASK (SPOT) entry range( 1.940- 2.440) T.(4.549 ) SL( 1.826 )BINANCE:MASKUSDT
entry range ( 1.940- 2.440)
Target1 (3.581 ) - Target2 ( 4.549 )
SL .1D close below (1.826 ).
*** Collect the coin slowly in the entry range ***
*** No FOMO - No RUSH - it is a long journey ***
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MASK target $15MASK is a good project in its field and is a driving force for the field of Social. We recently saw a strong Dump and a great response from 50 EMA. I wouldn't wait for exorbitant targets, and I would make $15 as the main exit point. If the $4.74 mark is crossed, the upside will begin to surge!
Best regards, Horban Brothers!
Alikze »» MASK | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1W
📣 BINANCE:MASKUSDT It is moving in a descending channel on the weekly time frame, which faced selling pressure after a movement cycle in the $7 range and made a zigzag correction to the $1.5 range.
🟢 Currently, due to the upward momentum and movement to the middle area of the channel and the short-term correction, it is again in the supply area with an increase in buyers.
🟢 In the event of a negative reaction in the supply area, it can break the first supply area towards the second supply area with a pullback to the green box area.
💎 Considering the previous movement lag and the second zigzag correction, this movement path can have a 3 or C wave rally up to the marked red box area.
⚠️ In addition, the price should not enter the LVL Invalidation range due to the movement lag. Therefore, any price correction can end up to the 3.12 range, and the consolidation above the area strengthens the bullish scenario .⚠️
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UPDATEThe price has reached the reliable support range of S1 and there is a positive reaction at the moment. If this support range is maintained and the reversal patterns are formed, the price can return to the upward cycle. The downward movement is very strong and we need time for the price to return. The failure of S1 support will cause the price to fall further
#MASK reaches the target zone 📊#MASK reaches the target zone ✔️
🧠From a structural perspective, the ideal target zone of the bullish head and shoulders structure has been fully achieved, so we need to be alert to the risk of a pullback. The next support area can be watched near the green neckline.
Let's see 👀
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BINANCE:MASKUSDT
MASKUSDT.1DMASK/USDT daily chart, I can identify several crucial technical elements and market dynamics that could inform potential trading strategies.
Key Observations:
Resistance Levels: The chart shows 'R1' at $3.443 and 'R2' at $4.389 as the major resistance levels. These points have historically acted as barriers to upward price movements, indicating strong selling pressure at these levels.
Support Levels: Currently, 'S1' at $2.169 is the nearest support level where the price might find a floor if there is a pullback. This is critical for sustaining the bullish momentum.
Price Trend: The price has been trending upwards recently, breaking past previous resistance levels, which suggests increasing bullish sentiment in the market.
Technical Indicators:
MACD: The MACD is above the signal line, which generally indicates bullish momentum. However, the histogram appears to be contracting, suggesting that the bullish momentum might be losing some strength.
Stochastic RSI: The Stochastic RSI is in the upper range, indicating that the asset might be overbought. This could potentially lead to a short-term pullback or consolidation.
Strategic Approach: Given the current price action and the technical setup, my strategy would involve closely monitoring the price as it approaches 'R1'. If it successfully breaks through this level, it could signal further bullish potential, making 'R2' a feasible target for taking profits.
However, given the overbought conditions indicated by the Stochastic RSI, there is also a risk of a pullback. If the price starts to retract, 'S1' would be the key level to watch for potential buying opportunities on dips, assuming the MACD continues to support a bullish stance.
Conclusion: The MASK/USDT pair shows strong upward momentum with the potential to test further resistance levels if the bullish sentiment persists. Traders should prepare for both a possible breakout and a potential retracement given the overbought conditions. Monitoring these resistance and support levels will be crucial in making informed trading decisions. As always, employing effective risk management practices will be essential in navigating potential price volatility.
MaskNetwork MASK price has woken up and is growing🤔 Who knows what “news” woke up the sleeping handsome #MASK ?)
Except for a conspiracy theory: that CRYPTOCAP:DOGE grow well, who likes to pump #Musk and whose last name is similar to #MaskNetwork
Because if there is a solid fundamental, then why shouldn't the price of OKX:MASKUSDT rise to $5.00-5.30-5.50?)
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