$MASK

MASK Volatility Consolidation, Pay Attention to Key Support Levels

Market Analysis

MASK is currently priced at $2.948, remaining stable with no rise or fall within the last 24 hours. The daily chart shows the price operating below the MA7 moving average ($3.053), while the MA99 moving average ($2.899) provides short-term support. After previously touching a low of $2.562 and bouncing back, there is insufficient upward momentum, facing resistance from the MA25 moving average ($3.601).

Key Levels

• Support Levels: $2.899, $2.562

• Resistance Levels: $3.053, $3.601

Trading Strategy

1. Long Position Strategy:

If the price stabilizes at the support level of $2.899, a small position can be attempted for a long position, targeting $3.053, with a stop loss set at $2.800.

If it breaks above $3.053, one can increase the position, targeting $3.601, with the stop loss adjusted to $2.950.

2. Short Position Strategy:

If the price falls below $2.899, consider a small short position, targeting $2.562, with the stop loss set at $3.000.

If the price rebounds near $3.053 and faces clear resistance, a short position can be attempted, targeting $2.899, with a stop loss at $3.150.

Market Outlook

MASK is currently in a volatile pattern, with an overall weak trend, focusing on the short-term support level of $2.899. If it breaks below, it may further test the low of $2.562; however, breaking above the resistance at $3.053 could lead to a phase of rebound.

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