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Minaanalysis

#MINA (SPOT) entry range( 0.4000- 0.4900) T.(1.2020) SL(0.3832)BINANCE:MINAUSDT entry range ( 0.4000- 0.4900) Target1 (0.6360)- Target2 (0.8300)- Target3 (1.0150) -Target4 (1.2020) 2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.3832) *** collect the coin slowly in the entry range *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA ****
Long
by Crypto_alphabit
MINAUSDT.4HExamining the 4-hour chart for MINA/USDT, we notice a prevailing downward trend with the price currently at around $0.4372. The chart displays a series of lower highs and lower lows, a hallmark of bearish momentum over the observed period. Trend Analysis: A descending trendline captures the series of lower highs, indicating sustained selling pressure. The price recently tested this trendline and was rejected, reinforcing the strength of this downward trajectory. Key Support and Resistance Levels: Support 1 (S1): $0.3203 - This level represents a significant low point on the chart where the price could potentially stabilize or rebound if it continues to fall. Resistance 1 (R1): $0.6060 - This marks the most recent peak before the price retraced. Overcoming this level would be crucial for reversing the current bearish sentiment. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) line is close to the signal line, indicating a potential for either direction, but still below zero which suggests bearish dominance. RSI: The Relative Strength Index (RSI) at approximately 59 indicates a neutral momentum, neither overbought nor oversold, suggesting potential for either upward or downward movement. Conclusion: Given the established downtrend and current resistance testing, caution is advisable. The strategy would involve monitoring for any potential breaks above the trendline as a sign of bullish reversal. Should the price approach the support at $0.3203, watching for a strong bounce or further decline will be critical. Trading should consider these levels for setting entry and exit points, with a close watch on the MACD and RSI for any signs of momentum shift. Setting stop losses just below the support levels can help mitigate risk in case of a breakdown.
Long
by MarsSignals