Is this a dead cat bounce on $MANA?Okay, lots of mana FOMO so i'm here with not so good news.
However, this to me looks like a blow off top.
what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally
this confirms a dead cat bounce, or what it's called in the market cycle
"we're just cooling off"
What invalidates this?
If we break the golden pocket. (3.53) and closed the day above it. then the rally may perhaps continue.
Cheers!
@bitmoey
MANAUSDTPERP
MANA Decentraland next upcoming move on small time frameMANAUSDT has take a correction after moving exceptionally. if it doesn't breaks its support on small time frame i.e. on hourly time frame we can see a move above. On the contrary if it breaks and closes below 2.56 an attempt to short it can be made.
Long idea:
Entry : Current Price
Stop Loss : 2.56
Take Profit : 4.90
Short idea:
Entry : if candle close below 2,56
Stop Loss : 2.4
Take Profit : 1.35
💥MANA - TO FALL BY 18% OR 33% TO $1.11 OR $0.91Please support this idea with a LIKE👍 if you find it useful🥳
We saw a trendline and a falling wedge breakout which gave this coin a 100% rise happened on this coin in the last 72 hours. Price rose from $0.75 - $1.50.
Therefore I believe it's time for the coin to rest before another upmove.
Therefore I expect a fall by 18% or 33% to $1.11 or $0.91.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
MANAUSDT , We are in ...Hello guys
Everyday we are analysing the differance coins of market and will publish it , follow us to get the first one that can watch it
in here after the triangle pattern on chart , we have downward trend until the sensitive zone , according to the chart , here is important zone for reverse the trend , in here we have pattern and the key for the trend , the trend was changed and in here we are in pullback and when the price reach to our zone we can take long position or buy MANA with nice R/r
Dont forget stop loss , we shown only first TP 1 because of the market and news , we need more details after the TP 1 reach , then we will update the chart
MANA is one the powerful and amazing tokan that based on game in crypto : this is the future
Good Luck
Abtin