MASK is Having a Hard Time
- For the time being MASK is still stuck in a bearish Channel.
- On June 21st -22nd, MASK had a chance to break above a former support trendline, now turned into resistance. Unfortunately, it failed.
- Next stop, IMO, is the 3.26 USD Support level. If it holds MASK can try for higher.
- This could also be a chance to try a long position with the invalidation below support. Not a high-confidence trade but the R:R ratio is insane.
- If MASK fails to hold the 3.26 USD level, next stops are 3.06 USD and 2.6 USD.
Trade Idea:
Entry: 3.06
SL: 2.87
Target: 7.2
