MANA looks to be distributing in a Range for almost 2 months now.
It's currently sitting at Range Lows and this is the 3rd test of those lows.
If this level turns to resistance it will break the LTF Market Structure and the price is going much lower.
After distribution comes expansion. This will be the meat of the move.
I will jump in when I see a confirmed breakdown from this range on HTF since this is support for now.
Good luck.
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It's currently sitting at Range Lows and this is the 3rd test of those lows.
If this level turns to resistance it will break the LTF Market Structure and the price is going much lower.
After distribution comes expansion. This will be the meat of the move.
I will jump in when I see a confirmed breakdown from this range on HTF since this is support for now.
Good luck.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Comment:
Distribution ending. Range Lows now resistance. Prepare for expansion.
Comment:
Moved stops in profit.
Trade closed manually