MANAUSDT.PS trade ideas
MANA/USDT might be a turnover zoneHey guys 👋
Last one for today is going to be MANA/USDT pair. Well we clearly see that Resistance + 200EMA zone which works strongly currently and holding buyers back. We see the many attempts to break but non of them succeed so we have a good chance for a turnover here.
RSI is just below the overbought zone which shows that there is a room for a further drop to happen. What do you think guys?
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Mana liquidity levels.76 cents has been significant since June and and we are again below it so in the past month we have build up .71 .72 cent area as a liquidity area so we may have less trouble breaking through .76 @ .74 cents i am waiting on a test at .76 and a retrace to at least where we are now .74c
Decentraland (MANA) formed bullish BAT for upto 15% pumpHi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Prevously I shared a long-term trade setup for MANA, which is still in play as below:
Now on a 4-hr time frame, MANA has formed a bullish BAT pattern for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.
$MANA/USDT 12h (#Bybit) Rising wedge breakdown and retestDecentraland looks locally topped here and seems likely to retrace down to 200MA / ascending TL support.
⚡️⚡️ #MANA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.3X)
Amount: 6.5%
Current Price:
0.6955
Entry Zone:
0.6975 - 0.7465
Take-Profit Targets:
1) 0.6070
2) 0.5205
3) 0.4340
Stop Targets:
1) 0.8180
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +36.6% | +64.2% | +91.7%
Possible Loss= -30.6%
Estimated Gain-time= 3-4 weeks
Website: decentraland.org
Short-term bullish channelMANA has increased in price by more than 16% in the last 24 hours. The buying pressure that has arisen has caused a new ceiling to be registered again in the daily and 4-hour time frames. Given that the price is in a short-term bullish channel, as long as the bottom of the channel holds at the $0.70 support area, there is potential for MANA to grow further and reach the next target range, which is $0.83. But higher and more important resistance is considered at the $1.05 level, which could be a more serious and important supply area.
MANA - Potential SHORTS -1hrly/4hrly - Bybit: MANAUSDTPERP Trading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORTS
(RE-ENTRY/DCA/LADDER previous entry post
Entry 1: 0.7968 (or any of entry 1 zone options)
-if missed focus on next entries. Don’t stress.
Entry 2: 0.8551 “”
Entry 3: 0.9361 “”
Entry 4: “”
Entry 5: “”
Entry 6:
Entry 7:
Stop Loss/ladder re-entries:
Entry 1: 0.8235 or slight light above (resistance)
-slightly below your re-entries
-5-10% move from your chosen entry 1
-slightly above/below entry/key resistance
-1:1 or to own personal risk factor
Entry 2: 0.8759 “”
Entry 3: 0.9542 “”
Take Profit Targets:
- 0.7769
- 0.7552
- 0.7297
- 0.6939
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
-the harmonic targets are the take profits of the opposite trade to ours so it’s our res/support to enter at.
-don’t hesitate to dm me for guidance :)
