MASK/USDT Technical Analysis – Bullish Setup Forming?

🕒 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?
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