MASK / USDT 2h - Falling wedgeThis is how I would trade MASK / USDT based on the 2h time frame and Fibonacci retracement model.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 12.80$
TG2 - 14.17$
TG3 - 15.50$
TG4 - 17.30$
TG5 - 19.50
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
MASKUSDT trade ideas
Market structureI have 4 signs we are in for a buy.
1) the price is at a support.
2) the price just hit my 200EMA.
3) the price just hit my trend line on D1 TF.
4) the price is at oversold on the RSI.
Now we await buy signal 🙂 either with candle 🕯️ stick or trend line breakout analysis.
Time to buy also apply WSD to filter the market noise.
MASK/USDT { MASK NETWORK } - BULLISH SETUPANALYSIS 🔎
- MASK/USDT is consolidating in a symmetrical triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@18.459).
- Horizontal resistance level (@20.700).
- Fibonacci extension level 1.0 (@27.605).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.