🕒 Timeframe: 4H
📈 Exchange: Binance
💱 Pair: MASK/USDT
📌 Overview:
MASK has recently shown strong bullish momentum and is now in a healthy correction phase, pulling back toward key Fibonacci levels. This could present a potential long opportunity – if the structure holds.
🔍 Price Action & Fibonacci:
🔹 Price is retracing from local highs.
🔹 Key Fibonacci retracement support:
🔸 0.5 @ $2.084
🔸 0.618 @ $2.152
These levels act as strong demand zones and may offer a bounce setup.
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📊 Indicators:
✅ RSI (14):
- Currently holding above 50 → Positive momentum.
- Staying below 70 avoids overbought signals.
✅ MACD:
- [Insert current observation – e.g., "Bullish crossover still valid" or "Bearish divergence forming"]
- Watching for continuation or signal line crossover.
✅ EMA:
- Price remains above EMA 50 → Short-term bullish trend intact.
- A break below EMA 50 could signal trend weakness
🎯 Trade Idea:
📌 Long Scenario:
- Entry: $2.08 – $2.15
- Stop Loss: Below $2.05
- Targets: $2.30 → $2.45 → $2.60
📌 Short Scenario (if breakdown):
- Entry: Below $2.05 after retest
- Stop Loss: Above $2.15
- Targets: $1.95 → $1.80
⚠️ Risk Management:
- Futures traders: Watch leverage.
- Monitor BTC/ETH as leading indicators.
💬 What’s your bias – are you buying the dip or waiting for confirmation?
📍 Like & Follow for more setups and updates!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.