$MASK First, the trend is clearly bearish in the short term. Price has formed lower highs and lower lows after rejecting the 0.582–0.584 zone, signaling sustained selling pressure. Although a minor rebound occurred, it lacks strong continuation, suggesting this move is corrective rather than a true reversal.
Second, moving averages reinforce the bearish bias. The price trades below MA(25) and MA(99), while MA(7) is sloping downward, acting as dynamic resistance. This alignment confirms sellers remain in control unless price decisively reclaims the 0.572–0.575 area.
Third, support and resistance are well defined. Immediate support lies near 0.557–0.555, a level where buyers previously stepped in. A breakdown below this zone could open the door toward deeper downside. On the upside, resistance at 0.570–0.578 must be broken with strength for any bullish continuation.
Finally, volume analysis shows declining buying interest on rebounds, indicating weak demand. Strong volume expansion is required to validate any upside breakout.
Trading Strategy:
• Buy only near strong support with confirmation (bullish candle + volume).
• Sell or short near resistance while price remains below key moving averages.
• Maintain disciplined risk management, as volatility remains elevated.
