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MASK / TetherUS
Long

MASK is breaking out

By evasivesteering
Updated

MASK has been bounced from the trendline support (starting from the beginning of 2023). 7

It is now breaking the local trendline and would speed up if BTC would bounces from the CME gap ($26500).

A referenced set-up is in chart with SL (red line) and final TP (blue line). Fibonacci levels would be used as intermediate TPs.

Note
MASK has increased 20% since entry. TP1 was also hit.
Next move will depend much on BTC
Note
MASK was rejected by the resistance Fib 0.5. Now it is bouncing from the trendline.
Note
MASK was 16% up and TP1 was hit again.

The new local trendline was broken. It can consolidate around this level waiting for BTC to break the falling wedge (see the latest update of my post "BTC possible distribution phase")

snapshot
Trade closed manually
Wait for a potential short set-up
FibonacciSupport and ResistanceTrend Lines
evasivesteering
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