1. Price forecast (short-term and medium-term)
• Short-term forecast: In the coming days, a price increase for MASK is possible due to the observed upward momentum. The price is expected to test resistance levels at 3.3 and 3.6.
• Medium-term forecast: If levels 3.3 and 3.6 are breached, growth to 4.0 is possible, provided that volume and technical support remain high. However, in case of a retracement, the price may return to support levels.
2. Support and resistance levels
• Support levels:
o 2.7 — main support level according to volume profile and EMA.
o 2.4 — strong support backed by Fibonacci line 0.79.
o 2.2 — critical support level indicating important support.
• Resistance levels:
o 3.3 — current resistance level corresponding to the previous local maximum.
o 3.6 — resistance according to Fibonacci levels, which is also confirmed by the volume profile.
o 4.0 — potential resistance level in the development of a strong bullish trend.
3. Entry, exit, and stop-loss points for 🟢Long position
• First entry option: 2.7 — entry point (correction to this level, retracement) at support with targets of 3.3 and 3.6.
• Second entry option: 3.0 — upon a confident breakout of current levels and establishment above, one can open a position with targets of 3.6 and 4.0.
• Exit: Target levels — 3.3, 3.6, and 4.0 for profit taking in case of further growth.
• Stop-loss: 2.2 — in case the price breaks down below the main support level.
4. Entry, exit, and stop-loss points for 🛑Short position
• First entry option: 3.3 — entry point for short if the price starts to retrace from this level.
• Second entry option: 3.6 — when the price rises to this level, one can consider shorting if there are signs of weakening momentum.
• Exit: Initial targets — 2.7 and 2.4 with a final target of 2.2.
• Stop-loss: 3.8 — to limit risks if the price breaks the resistance level.
5. Scenarios for 🟢Long and 🛑Short with probability assessment
• 🟢Long scenario: With support at 2.7 and growth above 3.0, the bullish scenario looks preferable. The probability of an upward trend reaching levels 3.3 and 3.6 is about 65%, supported by increased volume and strengthening EMAs.
• 🛑Short scenario: If the price reaches resistance at 3.3 or 3.6 and starts to retrace, the probability of a decline increases to 35%, especially if the volume weakens and RSI rejects the overbought zone.
Technical indicators and their influence:
• Liquidation levels: At around 3.3, one can expect short liquidations, which may push the price up. Similarly, at level 2.7 — the liquidation level for longs, which may cause a retracement.
• Volume: Support for the current trend with significant volume indicates interest in the asset.
• Anchored volume profile: Support at level 2.7 and resistance at 3.3 and 3.6 indicate areas of interest for major participants.
• EMA: Prices are above EMA 20 and 50, indicating a bullish trend. EMA 100 and 200 also support a medium-term upward trend.
• RSI: RSI at level 61, indicating potential for further growth, but the overbought zone has not yet been reached, leaving room for continuation of the upward trend.
⚠️Overall conclusion
Current technical and on-chain information indicates a continuation of the bullish trend for #MASK . With support at 2.7 and a breakout at 3.0, further growth to 3.3 and above is expected. However, levels 3.3 and 3.6 serve as key resistance points. In case of a reversal and decline below 2.7, a short position may become profitable, especially if volume and RSI weaken.
