Technical analysis by mvjalili about Symbol MASK on 5/29/2025

🕒 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.---📊 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!