๐ฅHi, friends! MINA was the top gainer last week, but we see the deep pullbacks last few days. Actually, such things happen, when the whales sell enough coins to retail traders. The volume growth at local highs confirms it for us.
๐ MY TRADING PLANS FOR MINA:
1. pullback to the support area of $0.804-0.854
2. a false breakout of the local low
3. bullish BTC is a must-have for healthy altcoins growth
๐ฉ The price can also fall to 0.71.This is a strong support level. If the false breakout won't happen at the previous value area, I highly recommend you to look for the entry point here.
โ
MY TARGETS FOR MINA:
๐ฅ $0.97 - the key level
๐ฅ $1.16 - the key level and local highs
๐ฅ $1.5 - the even number
Mina is one of the altcoins related to staking, so this altcoin may be at risk, if SEC investigation against staking platforms begins. I recommend you to be careful If you hold a big amount % of such staking tokens in your portfolio. Useful?
๐ปFriends, press the "boost"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.