Mask Brief Analysis
1. Current Price:
The price is at 3.022, down -2.36% in the last 24 hours.
2. General Trend:
The Japanese candlesticks show strong fluctuation between the support at 2.960 and the resistance at 3.084.
The price movement is still within a sideways range, with attempts to rebound upwards.
3. Indicators:
Relative Strength Index (RSI):
At 43.35, indicating a balance between buying and selling forces, with a slight bias towards selling.
Moving Averages (white and blue line):
The price is close to the averages, indicating fluctuations with weak upward momentum.
4. Trading Percentages
The buying ratio is 50.08% versus selling 49.92%, reflecting a relative balance between buyers and sellers.
Expectation:
Potential Upside: If the price exceeds 3.084, it may target higher levels near 3.20.
Potential Downside: If it breaks 2.960, it may return to lower levels at 2.90.
Advice:
Focus on the mentioned support and resistance levels.
Place stop loss orders below 2.960 to protect against any bearish reversal.
Monitor momentum before making a buy or sell decision.