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MANAUSDT trade ideas

MANA/USDT Could MANA Breakout the crucial area ?? Or rejected💎 MANA has been a prominent player in the market, facing challenges in overcoming the supply area. Recently, MANA experienced a false breakout and is currently striving to regain its position above the supply level. A successful breach of this resistance could probability lead to a significant upward trend, with the bearish OB area being the next anticipated target. 💎 However, if MANA fails to achieve a breakout and remains in consolidation at this resistance level over the next few days, there's a likelihood of facing another rejection. This could result in MANA reversing its course back towards the demand area. 💎 In the demand zone, a strong response is essential for MANA. If it fails to demonstrate a significant rebound from this zone, there's a risk of breaking down further. Such a scenario could signal a shift back to a bearish trend for MANA, potentially leading to a descent towards a stronger support area.
by MyCryptoParadise
1
Be careful crossing the bridge!The probability of growth for this currency is higher, but it is possible to have a correction to the first support range. If the first support range is lost, the most important support range is the price of 0.4646, the possibility of growth from this range can be higher, but if this range is broken, this pattern, i.e. the corner pattern, will be formed and we can see more fall. Therefore, if it reaches the second support range, the analysis should be updated. But what is possible for now is a rise to the first resistance area, which is the price of 0.5498
Long
by karaco2022
2
MANAUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Targets: 0.5 - 0.53 - 0.57 after first target reached move ur stop to breakeven Stop: ~0.33 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
6