MASKUSDT trade ideas
$MASK/USDT 4h (#BinanceFutures) Rising wedge breakdown & retestMask Network got rejected on 100EMA resistance and seems likely to continue with the downtrend until it regains it.
mask.io
If you are not used to operate bearish set-up, you can use the targets to buy in Spot instead
Current Price= 5.996
Sell Entry= 6.069 - 6.488
Take Profit= 5.054 | 4.316 | 3.677
Stop Loss= 7.261
Risk/Reward= 1:1.25 | 1:2 | 1:2.65
Expected Profit= +19.50% | +31.25% | +41.43%
Possible Loss= -15.66%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Contracts:
#ERC20 0x69af81e73a73b40adf4f3d4223cd9b1ece623074
#BEP20 0x2ed9a5c8c13b93955103b9a7c167b67ef4d568a3
#Polygon 0x2b9e7ccdf0f4e5b24757c1e1a80e311e34cb10c7
MASK - Buy after this resistance brokenBYBIT:MASKUSDT
4H trend chart
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MASK is on the path if uptrend line, and it's approaching to the resistance $6.29.
If price can break out Fib1, trading strategy as below.
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Profit Targets:
a) 6.715~6.890----Fib(1.272~1.382)
b) 7.255----Fib(1.618)
c) 7.855----Fib(2)
Stop losses:
a) 5.280-----Red horizontal ray
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Mask NetworkThe price is now in areas of accumulation and we expect to see a strong rise in the medium and long term
If the price returns to the green zone, prices will be suitable for purchase
Buy Between : 12$ --- 8$
Targets
Mid Term
18$
36$
Long Term
95$
250$
Stop loss : 5.8$
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Good luck
MASKUSDT UPDATEMASK is forming a nice strong up trend on the daily TF, we recently capitalised on the last swing high. Now we can see price has retraced to the trendline support and potentially forming a new swing low here, in confluence with the 0.618 fib. We are waiting to see confirmations on the 4hr timeframe before we can look for a potential entry for a leveraged long position.