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MyCryptoParadise
Dec 22, 2023 5:43 AM

MANA/USDT upward momentum?πŸ‘€πŸš€MANA Today AnalysisΒ Long

Decentraland / TetherUSBinance

Description

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πŸ’Ž Paradisers, it’s time to spotlight #MANAUSDT as it’s showing promising signs of a bullish move. This comes after a key resistance level has transformed into a potential springboard for growth.

πŸ’Ž Diving into #Decentraland recent market path, it has successfully navigated a descending trendline, breaking upwards. After a rejection at the resistance of $0.5117 and a retest of the trendline, it made a strong move upwards, turning the previous resistance into a support zone.

πŸ’Ž Currently stationed at this new support level of $0.5117, if #MANA maintains its momentum, we might see a significant bullish movement.

πŸ’Ž However, for the astute traders among us, it’s crucial to have a Plan B. If #MANA slips below this support level of $0.5117, we should be prepared for a bullish recovery from a slightly lower support at $0.4940. Notably, a breach below this secondary support could lead to a more pronounced downward trend. πŸŒ΄πŸ’°

Trade closed: target reached

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πŸ’Ž Just as predicted, #MANAUSDT up a smooth 20.09%!

Comment

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Comments
LegionQ8
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Hmm...πŸ€” Possibly MANAUSDT can reach the 0.5365 level, but then, I think the price will start to fall to support zone
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