Direction
Long
Published
October 17, 2024
Status
Token
MASA
Trigger
Support/Resistance
Type
Trade Strategy
Updated
About + Tokenomics
Token Name | Masa |
Symbol | MASA |
CoinMarketCap Rank | 777 |
Market Cap | 24M |
Volume 24h | 2.7M |
Total Supply | 1.59B |
Circulating Supply | 357M |
Chart Analysis
MASA has formed a bottom structure and broke above its resistance at ~0.06 at the end of October. However, the token could keep the momentum and is currently retesting the 0.06 level.
In case the level holds, we could see some fresh momentum.
Technical Indicators
- MACD: Bearish 🔴
- RSI: Neutral 🟢
- VMA: Neutral 🔵
- Triple EMA: Price trades between EMAs 🔵
- ADX: 32, indicating a strong trend 🟢
Chart
Trade Setup
Based on the chart, we can follow two potential trade setups.
Bounce of the Support at $0.06 (HIGHER RISK)
- Entry: Wait for the price to clearly bounce of 0.06.
- Target 1: Slightly below $0.1
- Target 2: $0.15
- Stop Loss: ~$0.055
Bounce of the Support at $0.06 (LOWER RISK)
- Entry: Wait for the price to break the $0.1 resistance and confirmation on the daily chart.
- Target 1: $0.15
- Target 2: $0.185
- Stop Loss: ~$0.9