🚀 $MINA is showing a potential technical setup!

The 1M chart on Binance displays MINA forming a potential macro reversal after breaking above a long-term descending resistance line near current levels.

📈 The Technical Setup:
• The Pattern: Descending trendline breakout with Fibonacci retracement levels
• Short-term Target: $0.20978
• Macro Objective: $0.31360
• Market Structure: Potential reversal and accumulation breakout

🎯 Key Levels to Watch:
• Support / Accumulation Zone: $0.04178 - $0.10000
• Resistance: $0.20978 - $0.24942
• Breakout Level: $0.15047
• Stop Loss / Invalidation: $0.10000

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery candle crossing above long-term resistance
• Trend: Transitioning from macro downtrend to potential reversal structure

⚠️ Invalidation:
A decisive monthly close below the $0.10000 support level would invalidate the setup.

MINA is testing key diagonal resistance on the 1M timeframe, offering an interesting risk-to-reward setup if support holds.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

#MINA #crypto #Binance #bitcoin #altcoins