MASKUSD followed the descending triangle chart pattern and will likely break through shortly.
It is currently trading at the support, so the most radical decision here is LONG. Now would be a good entry for scalp and swing traders, the target is $3 and more (in case of a breakout), and the stop loss is below the $2 mark. For long-term investors, waiting for a confirmed breakout of either side is much safer.
Long Entry: 2.1x - 2.2x
Tp: $3 - $5
Sl: 1.9x
Still, the crypto market is volatile and low on volume these days. So keeping your betting size lower than usual is a wiser decision. Remember, always trade at your own risk, and never risk more than you can afford to lose.
It is currently trading at the support, so the most radical decision here is LONG. Now would be a good entry for scalp and swing traders, the target is $3 and more (in case of a breakout), and the stop loss is below the $2 mark. For long-term investors, waiting for a confirmed breakout of either side is much safer.
Long Entry: 2.1x - 2.2x
Tp: $3 - $5
Sl: 1.9x
Still, the crypto market is volatile and low on volume these days. So keeping your betting size lower than usual is a wiser decision. Remember, always trade at your own risk, and never risk more than you can afford to lose.
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Visit our website for more educational content.
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