$MASK/USDT 4h (#BinanceFutures) Rising wedge breakdown & retest

4 Feb 2022

Mask Network got rejected on 100EMA resistance and seems likely to continue with the downtrend until it regains it.
mask.io/

If you are not used to operate bearish set-up, you can use the targets to buy in Spot instead

Current Price= 5.996
Sell Entry= 6.069 - 6.488
Take Profit= 5.054 | 4.316 | 3.677
Stop Loss= 7.261

Risk/Reward= 1:1.25 | 1:2 | 1:2.65
Expected Profit= +19.50% | +31.25% | +41.43%
Possible Loss= -15.66%

Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 2 weeks

Contracts:
#ERC20 0x69af81e73a73b40adf4f3d4223cd9b1ece623074
#BEP20 0x2ed9a5c8c13b93955103b9a7c167b67ef4d568a3
#Polygon 0x2b9e7ccdf0f4e5b24757c1e1a80e311e34cb10c7

7 Feb 2022

Dagangan ditutup: hentian tercapai

SL hit with -15.66% (1x) and -1R

Mask Network broke-out and pumped strong, seems like we should have bought instead.
Timing was not good, we are out for now and waiting for a pull-back to enter the opposite way!

8 Feb 2022

Nota

Almost back to demand zone

Mask Network reversed as expected, at least we got it right so far this time!
Placing bids in Spot between 100EMA & 200MA (orange & purple) is probably a good idea.