Hi dear patrons, hope you are well and welcome to the new update on Decentraland (MANA).
Previously we had a huge trade by MANA token:
Now on the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip.
Buy and sell targets:
Buy between $0.6937 to $0.4283 (There is also strong support at $0.50)
Sell between: $0.9026 to $1.40
Stop loss:
There is also strong support at $0.50, therefore we can also set this level as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 220%, and the loss possibility is 38%, but we can also use $0.50 support as stop loss to minimize the loss ratio.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we had a huge trade by MANA token:
Now on the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip.
Buy and sell targets:
Buy between $0.6937 to $0.4283 (There is also strong support at $0.50)
Sell between: $0.9026 to $1.40
Stop loss:
There is also strong support at $0.50, therefore we can also set this level as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 220%, and the loss possibility is 38%, but we can also use $0.50 support as stop loss to minimize the loss ratio.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.