The MASK-USDT chart reveals an intriguing scenario.
Currently, the token has broken a strong prevailing trendline and therefore attracting buying pressure/sentiments. However, it's crucial to note that sellers are also consolidating their positions, indicating a potential downside. Traders should closely monitor the market for a reversal at 4.800 - 5.000 levels.
Our analysis identifies two crucial price levels to watch: the buying area at 3.500 USDT, which has historically shown strong support, and the resistance zone between 4.800 and 5.000 USDT. A successful rejection from the resistance area (4.800 -5.000) could signify a bearish trend and offer opportunities for profit-taking at 3.500 levels .
good area to buy for long term bag is 2.500 levels!
#plan your trade and trade your plan
Currently, the token has broken a strong prevailing trendline and therefore attracting buying pressure/sentiments. However, it's crucial to note that sellers are also consolidating their positions, indicating a potential downside. Traders should closely monitor the market for a reversal at 4.800 - 5.000 levels.
Our analysis identifies two crucial price levels to watch: the buying area at 3.500 USDT, which has historically shown strong support, and the resistance zone between 4.800 and 5.000 USDT. A successful rejection from the resistance area (4.800 -5.000) could signify a bearish trend and offer opportunities for profit-taking at 3.500 levels .
good area to buy for long term bag is 2.500 levels!
#plan your trade and trade your plan