Map Protocol - MAPUSDT CMP - $0.040
Looking bullish in higher time frame. One can go for Positional Trade Setup with the following entry, exit & targets.
Buy Range $0.0400 - $0.04200 / Stop Loss $0.01800
Target 1 - $0.10
Target 2 - $0.21
Target 3 - $0.35
Disclaimer: This is my view and for educational purpose only.
MAP/USDT Breakout or Breakdown Imminent. Watch out for volume in both scenarios. A low volume breakdown may present a good opprtunity if the price starts heading back into the pattern.
MAP saw very impressive gains in March followed by a dramatic decline in pricing. Currently it is sitting at strong support and has the possibility to swing back up to $0.117 even if the downtrend continues. If we break this level then it might go back to the moon but we'll need to see solid movement through the 6H EMA100. The coin has seen pretty sharp movements...
MAP now backtest MA200 & Fibo 70,168% . I think it is the best time to re-buy $MAP
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After $MAP pumb hard, I think MAP need sideway this time to accumulate further and break the Neckline.
The cup and hand Pattern still work.
Update daily MAP price movements below.
