Will MANA Support hold ? Get ready for both scenarios

21 июн.

MANAUSDT (1W CHART) Technical Analysis Update

MANA is currently trading at $0.331 and price is trading around its support zone, we are not sure if this support will hold and price bounce back from this support zone. We need to consider both scenario for entering the trade here, for long trade we will enter only after a green weekly candle above the support zone. For short trade we will enter if the candle closes below the support zone.

-- LONG Trade --
Entry level: Green Weekly candle above support zone
Stop Loss Level: $ 0.2526

TakeProfit 1: $ 0.4561
TakeProfit 2: $ 0.5931
TakeProfit 3: $ 0.7804

-- SHORT Trade --
Entry level: Candle close below support zone
Stop Loss Level: $ 0.3487

TakeProfit 1: $ 0.2038
TakeProfit 2: $ 0.1644
TakeProfit 3: $ 0.1198

Max Leverage: 2x
Position Size: 1% of capital

Remember to set your stop loss.

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Cheers
GreenCrypto