MASK/USDT { MASK NETWORK } - BULLISH SETUP
ANALYSIS 🔎
- MASK/USDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@13.937) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786), descending trendline resistance and the double bottom neckline resistance.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@13.937).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
- MASK/USDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@13.937) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786), descending trendline resistance and the double bottom neckline resistance.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@13.937).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
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