technical analysis and trade signals for $MASK /USDT based on the current data

Current Price: $4.23 (+24.64% in 24 hours)

24h High: $4.263

24h Low: $3.350

Support and Resistance Levels:

Support: Around $3.50 (based on the 24h low)

Resistance: Around $4.26 (recent high)

Trend Analysis:

Price Action: The price has shown a strong upward momentum with a +24.64% increase in the last 24 hours, indicating bullish sentiment in the market.

Short-Term Momentum: The recent breakout above the $4.00 level suggests that the bulls are in control, and there is potential for further gains if the support holds.

Volume: The high trading volume (9.16M MASK, 35.27M USDT) confirms active participation in this market, supporting the bullish trend.

Trade Signal and Targets:

Entry Point:

Entry: Consider entering the market near $4.10 to $4.20, especially if there is confirmation of support above $4.00.

Target Levels:

1. Target 1: $4.50

This level is a potential short-term resistance. A break above this could lead to further upward momentum.

2. Target 2: $4.75

The next resistance zone after $4.50. It is a key level where price may face resistance.

3. Target 3: $5.00

A psychological level and significant resistance if the trend continues to be bullish.

Stop Loss:

Place a Stop Loss just below the $3.80 level to protect against unexpected downside.

Momentum and Indicators:

RSI: If RSI is below 70, it indicates the uptrend still has room to move. However, if it's above 70, it might indicate overbought conditions, signaling caution.

MACD: Watch for any bullish crossovers on the MACD line, which would suggest a continuation of the bullish momentum.

Summary:

Momentum: Bullish, with increasing trading volume and positive price movement.

Trade Signal: Long position with targets at $4.50, $4.75, and $5.00.

Risk Management: Use a stop loss around $3.80.

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