Decentraland, MANA, 0.5 fib retrace sets up 71x Algo target
Triple bottom on the 0.5 fib suggests this is strong & when the narrative comes back around, it's is one of the metaverse leaders... See linked BTC chart for more details.
The Trade:
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
The Trade:
- Preferred Entry: $0.264 or 0.618 retrace of this impulse wave (if we get one)
- Ape Entry: $0.364
- Stop: $0.254 - or under previous low
- Target: $26
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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