MINA has broken out of a classic falling wedge pattern, indicating a potential bullish reversal. The breakout above the upper trendline suggests growing momentum and buyer interest.
✅ Key Highlights:
Price successfully broke the wedge resistance around $0.2142, confirming a bullish breakout.
Current price action near $0.2588 shows strength with no major signs of exhaustion yet.
The projected target based on the pattern is around $0.38.
A logical stop-loss can be placed near $0.18, just below the previous swing low and the wedge support.
📈 Conclusion:
If momentum continues, MINA has room for further upside. A pullback to retest the breakout zone may offer a safer re-entry opportunity.
✅ Key Highlights:
Price successfully broke the wedge resistance around $0.2142, confirming a bullish breakout.
Current price action near $0.2588 shows strength with no major signs of exhaustion yet.
The projected target based on the pattern is around $0.38.
A logical stop-loss can be placed near $0.18, just below the previous swing low and the wedge support.
📈 Conclusion:
If momentum continues, MINA has room for further upside. A pullback to retest the breakout zone may offer a safer re-entry opportunity.
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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.
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.