MANA has corrected 57% from its high. This is a rather strong correction that has been going on for almost a month now. Now we can expect at least a bounce or at best a reversal and continuation of the rising trend.
On the technical analysis side, the price has tested the big value area and has collected a lot of liquidity. Now we see that the MANA is squeezed between the trend line and the big value area.
When to buy?
- On a breakout or a retest of the trend line.
- In case of a false break-down of the $2.5 level.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.