Decentraland / Metaverse - buy on 1H chart
Updated
Dear traders and followers,
the Mana price has risen sharply since Facebook’s announcement (change in Meta). The trend is our friend and therefore we are looking for good entries with a solid R/R ratio. In the best case the price corrects up to 1. 5 $ level which results in the best R/R ratio. The first orders are placed at 2.4$ and 1.95$ because the probability is low that the price actually falls to 1.5$ with the currently strong buying interest.
In the case of a breakout over the short term downtrend line we wait for confirmation before entering the market with a buy position.
**first position add is 20% and not 25%**
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
the Mana price has risen sharply since Facebook’s announcement (change in Meta). The trend is our friend and therefore we are looking for good entries with a solid R/R ratio. In the best case the price corrects up to 1. 5 $ level which results in the best R/R ratio. The first orders are placed at 2.4$ and 1.95$ because the probability is low that the price actually falls to 1.5$ with the currently strong buying interest.
In the case of a breakout over the short term downtrend line we wait for confirmation before entering the market with a buy position.
**first position add is 20% and not 25%**
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.