ðĨHi, friends! MANA is a top gainer of the last week. This altcoin already makes +120-140% in a week and now reach the strongest resistance at the $0.69-0.71 value area.
If we take a look at the first value area at $0.40-0.41, it's clear how the price broke this resistance. The same I expect now too.
ð TRADING PLAN FOR MANA:
ðĨ false breakout of the local low which is already created
ðĨ close the liquidity gap at $0.64-0.66
ðĨ bullish BTC
ðĐ I marked for you 2 liquidity gaps (yellow area) where the price will be stopped with a huge probability.
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THE MAIN TARGETS FOR MANA:
1. $0.84 - the key level and local high
2. $1 - the key level and even number
2. $1.12 - the key level and local high
The main reason why the price can consolidate here for some time is the retail traders that close their trades at break even after being in a loss for a few months. It can take some time for whales to absorb this liquidity and push the price higher.
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.