MANAUSDT Respecting Trendline/SupportMANA has been respecting a short term upward trendline perfectly, with a horizontal supply zone directly below.
Long idea is to wait for another touch of the trendline and go long, with stop loss below support and short term target for 2.1 R trade.
This is NOT financial advice, you are responsible for your own trading decisions.
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MANAUSDT
Decentraland (MANA) Buy ZoneDecentraland (MANA) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : Medium
On its 4 hours time frames, The Decentraland graph formed a bullish patterns. We've retested our resistance and ready to break up above our current zone.
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$MANA/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 3.11 - 3.26
TP 1 : 3.31
TP 2 : 3.39
TP 3 : 3.54
TP 4 : 3.75
TP 5 : 3.89
TP 6 : 4.18
TP 7 : 4.64
TP 8 : 5.12
Stop Loss : 2.88
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Mana 3 to 1 tradeNice and clean 3 to 1 R:R set up here after retest of breakout. Rounded bottom and close above horizontal resistance should push to next resistance level shortly with BTC looking bullish.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
MANA successful defense and continuation of the upward trendThe chart of MANA shows a very healthy and gradual increase in price, of course this is also due to the stability of the price of BTC and the lack of major fluctuations, because the large fluctuations of BTC strongly affect MANA (and the rest of the cryptocurrencies, we will see what the next days will show
MANA - we have waited a long time for this ✅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.
Write in the comments all your questions and instruments analysis of which you want to see.
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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.
MANA/USDT - Potential 116% SetupHello Traders!
Another wave of growth on MANA ended with a deep correction to the Fibonacci level of 0.786
The asset comes out of the consolidation range of $2.99 - $3.78
It is possible to look for purchases from the current price values of $3.70 - $3.85 and buy more in case of correction between $2.99 - $3.25
Stop-loss shall be set closer to $2.72
The targets will be the Fibonacci levels:
$5,90
$6,89
$8,18
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice