π MANA is currently a major focus in the market, making a notable breakout from a falling wedge pattern. It's now entering a crucial retesting phase at the LTF (Lower Time Frame) demand zone, marked between $0.41 and $0.42.
π If MANA fails to successfully retest at the LTF demand level, it might suggest a false breakout. In such a case, MANA could retreat back to the demand zone once again.
π A critical aspect to watch for is MANA's behavior in this demand area. If it fails to rebound and merely consolidates, this could lead to a weakening of the demand zone or a breakdown. Under these circumstances, MANA may transition into a bearish trend, potentially moving downwards towards a more significant support area.
π If MANA fails to successfully retest at the LTF demand level, it might suggest a false breakout. In such a case, MANA could retreat back to the demand zone once again.
π A critical aspect to watch for is MANA's behavior in this demand area. If it fails to rebound and merely consolidates, this could lead to a weakening of the demand zone or a breakdown. Under these circumstances, MANA may transition into a bearish trend, potentially moving downwards towards a more significant support area.
Trade closed: target reached:
MANAβs 35.53% rise? Called it!
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