Masquerading rhymes with:
parading, aiding, blading, blockading, braiding, cascading, crusading, degrading, downgrading, evading, fading, grading, invading, kading, lading, nading, parading, persuading, pervading, raiding, serenading, shading, trading, upgrading, wading
Masquerading sounds like:
mccartney's, migrating, migrations, miscreations, misreading