MANA has continued to form a bearish structure (4H)

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Since we marked the green arrow on the chart and labeled it START, MANA has begun a bullish phase. This phase developed after completing a bearish continuation triangle, and the last wave of this triangle, wave E, has also concluded.

We have identified a clear supply zone. If the price pulls back to this zone, we will look to enter a position. Within the supply zone, it is recommended to enter gradually using DCA (Dollar-Cost Averaging) to manage risk effectively.

The targets are marked on the chart. Once the price reaches the second target, move your stop to break-even to secure the trade.

Keep in mind that a daily candle close above the invalidation level will negate this analysis, so always monitor the chart closely.

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What do you think? Is MANA bearish?
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In the end, after hitting the specified supply zone, it dropped more than 8% and reached the first target.

Snapshot

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