🚀 $MANA is showing a potential technical setup!
The weekly chart for MANA/USDT displays a prolonged downtrend followed by a stabilization period near the 0.055-0.060 support zone, attempting a macro reversal.
📈 The Technical Setup:
• The Pattern: Double bottom accumulation zone setup
• Short-term Target: 0.12000 USDT
• Macro Objective: 0.15000 USDT
• Market Structure: Reversal attempt from macro support
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.05500 - 0.06000 USDT
• Resistance: 0.12000 - 0.13000 USDT
• Breakout Level: 0.10000 USDT
• Stop Loss / Invalidation: 0.05300 USDT
📊 Confirmation:
• Volume: Neutral/standard volume on recent weekly consolidation
• Momentum: Bullish reaction forming off the lower range boundary
• Trend: Attempting a macro trend reversal following a prolonged downtrend
⚠️ Invalidation:
A weekly candle close below the 0.05500 USDT support zone would invalidate the bullish setup.
MANA is currently testing higher lows above the macro support region, keeping a potential recovery path open toward upper resistance levels if momentum continues.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Binance #crypto #bitcoin #altcoins #cryptotrading
The weekly chart for MANA/USDT displays a prolonged downtrend followed by a stabilization period near the 0.055-0.060 support zone, attempting a macro reversal.
📈 The Technical Setup:
• The Pattern: Double bottom accumulation zone setup
• Short-term Target: 0.12000 USDT
• Macro Objective: 0.15000 USDT
• Market Structure: Reversal attempt from macro support
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.05500 - 0.06000 USDT
• Resistance: 0.12000 - 0.13000 USDT
• Breakout Level: 0.10000 USDT
• Stop Loss / Invalidation: 0.05300 USDT
📊 Confirmation:
• Volume: Neutral/standard volume on recent weekly consolidation
• Momentum: Bullish reaction forming off the lower range boundary
• Trend: Attempting a macro trend reversal following a prolonged downtrend
⚠️ Invalidation:
A weekly candle close below the 0.05500 USDT support zone would invalidate the bullish setup.
MANA is currently testing higher lows above the macro support region, keeping a potential recovery path open toward upper resistance levels if momentum continues.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Binance #crypto #bitcoin #altcoins #cryptotrading
