Decentraland – dead cat bounce or the real bottom? Metaverse names have been lagging while the market chases the bigger caps, and according to industry sources a lot of liquidity has rotated out of gaming tokens. That’s left MANA grinding lower with every small bounce getting sold.
On the 4H chart we’re sitting below a fat resistance block around 0.097–0.10, right where the volume profile peaks. Structure is still lower lows, but RSI is hovering near 30, so a relief pop into that red zone looks likely before the next decision. I might be wrong, but for now this smells more like a bounce inside a downtrend than a fresh bull leg.
My base plan ✅: let price push into 0.097–0.10, watch for rejection wicks or fading RSI, then I’ll consider a short targeting the green demand near 0.084. Invalidation for that idea is a clean 4H close above 0.101, which opens room to 0.11 and maybe 0.135. ⚠️ If price dumps straight through 0.084 without a bounce, I stay flat and wait for a new range to build.
On the 4H chart we’re sitting below a fat resistance block around 0.097–0.10, right where the volume profile peaks. Structure is still lower lows, but RSI is hovering near 30, so a relief pop into that red zone looks likely before the next decision. I might be wrong, but for now this smells more like a bounce inside a downtrend than a fresh bull leg.
My base plan ✅: let price push into 0.097–0.10, watch for rejection wicks or fading RSI, then I’ll consider a short targeting the green demand near 0.084. Invalidation for that idea is a clean 4H close above 0.101, which opens room to 0.11 and maybe 0.135. ⚠️ If price dumps straight through 0.084 without a bounce, I stay flat and wait for a new range to build.
SIGNAL INDICATOR
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✅Buy&Sell according to 7 strategies
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✅RR 1k3, no deep drawdowns!
Free test drive using my link:
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NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
SIGNAL INDICATOR
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.