Crypto Market Retracement IdeaLoads of coins that have set new highs over the past year have not had a retracement yet, BTC, ETH, ADA, MANA, etc.
With the current market sentiment being so fearful, it's possible to see the market bounce back to the 0.382-0.618 regions as shorts start to close and bears wear off. The retracement could then act as the perfect bull trap for smart money to cash out.
The head-scratcher is whether or not coins that haven't set new highs (80% of the market) will go on to do so during this retracement, or simply just continue to follow BTC.
MANAUSDT trade ideas
✅TS ❕ MANAUSD: bounced off✅✅MANA bounced off the resistance level and headed down. Now the price is making a small correction, after which we can expect a continuation of the fall.✅
🚀 SELL scenario: short to 0.7658.🚀
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Remember, there is no place for luck in trading - only strategy!
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Decentraland (MANA) - Daily AnalysisHello to all members of TradingView and my followers.
MANA last week showed the inability of buyers on the support level of 0.88 to $ 0.98. The sell-off in the market had a relatively large impact on Mana, with the currency hitting $ 0.74. Based on the chart, support at $ 0.74 to $ 0.80 is a further price decline.
Therefore, if the market conditions stabilize, buyers are expected to be able to raise the price above the level of $ 1 again. If the downtrend line is broken this time, there is a potential for a price increase due to the positive divergence of the RSI indicator. But if we still see sales pressure in the market, the price could break the current support and record a further drop to the level of $ 0.50.
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MANA/USDT - Potential Short ScenarioHello Traders!
MANA continues downward movement
The price is currently under $0.95, which acts as resistance.
We can assume that in the near future, the downward trend will continue as an impulse movement. In this case, it is possible to consider the medium-term purchases.
The price range of $0.36 - $0.48 will be an area of interest for such purchases.
The targets will be the price levels of $0.80 and $0.95
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
MANA - Trying to go against the market but failingReasons to take short:
⭐️ BTC bearish
⭐️ Level is clean
⭐️ Price is squeezing to the level
⭐️ Bullish volume left the coin
⭐️ 4th touch
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
MANA BUYSForget the fundamentals , if the technical setup is there , take it
Price action is an accumulation and data of fundamental data , so why pay attention to reading the news of a project when price action gives u everything u need
This setup has a high probability of happening , forget the mindset of loosing , if i loose its a win because i can always reflect on why it lost , you have to give to get
Aproach the bullish wave up as a storm , you might get knocked down in the storm but youll make it through and ride ti to its target
MANADISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.