Mana has a long way to go deep down into the abyss. It has currently broken a key support level and it is a long way down to what I would consider the next key support. MACD is also bearish on the daily and RSI is looking to go down into oversold territory.
Bình luận:
I entered a trade with 5x leverage. Remember that it is not uncommon for the price to backtest the resistance area (thats the risk on this trade).
Bình luận:
Now we are looking for a retest of the resistance and a reentry with a trade depending of how the price acts at resistance
Bình luận:
We also witnessed a bullish mat hold on the 4 hourly
Bình luận:
I entered a new 5x trade at 0,6013 with a tight stoploss at 0,6053 thinking that the 4 hourly candlestick indicates a backtest of the resistance zone and that the long wick indicates that prices are ready to dump. On the 30min we also have a shooting star candlestick pattern with a price drop confirmation (bearish)
Bình luận:
I made the trade risk free
Bình luận:
Seeing signs that we are struglling to dump beyond the wicks I took profits while still beeing in the greens
Bình luận:
Looking for a new entry if we get rejected hard by the resistance