MASKUSDT trade ideas
MASK CAN CONTINUE TO DROP FURTHER TOWARDS HIGHLIGHTED ZONE!Check out the trade plan for Bitcoin today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
MASK can continue to drop after the 5th wave formed on this bullish leg. Here I am expecting a pullback to revisit close to 50% on the Fibonacci retracement. Also on the lower timeframe, MASK follows a double tops formation.
MASK⚡️⚡️ #MASK/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Cross (10X)
Entry Zone:
1) 1.098
2) 1.000
3) 0.978
Take-Profit Targets:
1) 1.247
2) 1.327
3) 1.684
4) 2.244
Stop Targets:
1) 0.895
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (0.5%)
Stop: Moving Target -
Trigger: Target (1)
MASKUSDT | HOLDING SUPPORT ZONEMASKUSDT recently broken the falling resistance . The price can approach to the horizontal support before moving upside. The trend is still bearish . We are watching out the price action on support zone for trend reversal.
The bulls need to hold the support zone , While bears can be active below the break of support.
Trade your levels accordingly.
MASKUSDT is trying to have a breakoutThe price is testing the 0.786 Fibonacci level after the first bullish impulse.
the market is trying to recover the daily support above the 1.635
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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