MANA has continued to form a bearish structure (4H)
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.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
What do you think? Is MANA bearish?
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.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
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.
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.