Hi friends! The value area around $1 has become resistance for MANA. What's next?
๐On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return.
๐ฉTargets:
๐ถ1. $0.86-0.99 liquidity gap.
๐ถ2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it.
๐ฉAlso, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers.
๐ฅKeep in mind this 2 scenarios.
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
๐On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return.
๐ฉTargets:
๐ถ1. $0.86-0.99 liquidity gap.
๐ถ2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it.
๐ฉAlso, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers.
๐ฅKeep in mind this 2 scenarios.
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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