The $MANA chart is flashing a warning signal, with the EMA20 and EMA50 hovering precariously close to the current price.
$MANA - SHORT🔴
Entry: 0.06697
SL: 0.06797
TP1: 0.06647
TP2: 0.06597
TP3: 0.06546
This setup looks appealing due to the volatility compression we're seeing, which often precedes a significant expansion. I'm 80% confident that the higher-timeframe bias is bearish, and the current RSI of 42.9 suggests we're due for a move downwards. The alignment of the EMAs also supports this view.
Do you agree that $MANA is on the verge of a sharp decline, or do you think the bulls will intervene?
it is poised for a drop, but the market can be unpredictable.
Click here to Trade 👇
$MANA - SHORT🔴
Entry: 0.06697
SL: 0.06797
TP1: 0.06647
TP2: 0.06597
TP3: 0.06546
This setup looks appealing due to the volatility compression we're seeing, which often precedes a significant expansion. I'm 80% confident that the higher-timeframe bias is bearish, and the current RSI of 42.9 suggests we're due for a move downwards. The alignment of the EMAs also supports this view.
Do you agree that $MANA is on the verge of a sharp decline, or do you think the bulls will intervene?
it is poised for a drop, but the market can be unpredictable.
Click here to Trade 👇