$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
MASKUSDT trade ideas
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.
MASK smaller targetsa few Smaller Targets i have on mask. this is definitely a tougher one to chart compare to allot of these coins out here. but we shall see how this one plays out for now, this coin is pretty damn strong against bitcoin at the moment so 👍
Stoploss: between 11-12 for more conservative or you can put it at 9.5
MASKUSDT is testing the daily resistance 🦐MASKUSDT is testing the daily resistance 🦐 after the price tested the daily support.
IF the price is going to have a breakout, According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
strange and powerful bullish candles for MASK 🚀This coin has unbelievable potential for strange bullish candles and we can gain at least 50% profit in each area 🚀💣
beside
here we have daily trend line and if the price stay above this trend line we expect more gain
second possibility(weak)
the price can touch the important support (8$) and after that start its gaining ✔
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.