MANAUSDT.P lost it all.Even though trading at the bottom of the AltCoin KillZone [1] ...
...there is some last major support right below. Losing that + start trading below (e.g. 1-2 weekly closes below), I am not too convinced it will make a new ATH in the next season.
Being aware that this is closer to a gamble rather a well defined trade, I am willing to put some "gambling money" into SPOT +already started scaling into a trade since losing $0.45.
Unless
BTC is losing it completely, this has potential to become a MultiYear Swing from here.Invalidation is close and R2R decent.
#DYOR #NFA
Note
Justs to be clear: Technically, $EURONEXT:MANA is good to go from here already. It does not need to get lower. However, unless BTC/ETH reverse here (which isn't really reflected in the PA as of now), I'd be prepared for another leg down - or a complete collapse.Note
Decision Time (Note: This is on LOG Scale + the Weekly chart.
However, BTC got to make a decision as well, so I'd be happy to ride higher or compound lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.