New Plancton's
Idea #MASKUSDT is testing the key level
MASKUSDT is exhibiting a pennant formation, which is a common chart pattern characterized by a triangular shape formed by converging trend lines. This pattern typically represents a temporary pause in the price movement before a continuation of the previous trend.
In the case of MASKUSDT, the pennant formation suggests that after a significant price increase or decrease, the market is experiencing a period of consolidation, with decreasing volatility and narrowing price ranges. Traders often interpret this pattern as a sign of impending volatility, where a breakout is expected to occur in the direction of the previous trend.
However, there is a possibility that the price of MASKUSDT could break below its daily support level. If this support is breached, it could indicate a bearish sentiment and lead to...
