$MASK is bleeding because the channel just failed, and sellers are finally in control.

I’m watching this breakdown closely because price lost the mid channel, then slipped out of the structure completely. That’s not a small dip, that’s a shift. They’re using every bounce as an excuse to sell, and it’s showing in the way price is correcting.

Key levels I’m tracking right now.

Support zone, 0.625 to 0.639
If this area holds, we can still see a short bounce, but it has to reclaim structure fast or it stays weak.

Bear target zone, 0.5970 to 0.6130
This is the next likely magnet if buyers don’t defend the current support with real strength.

For now, I’m not treating this as a simple pullback. This looks like a downside continuation setup until MASK proves otherwise.