Yuriy_Bishko

MANA, why do big players sell at every pump?

BINANCE:MANAUSDT   Decentraland / TetherUS
MANA is moving in a downtrend. A trend line can be identified on the chart. The price has broken through this resistance several times, but each breakout has been a false breakout. It is also worth noting that with each rise there was a volume at the top. This is a bad signal, a signal that the big players are locking in their positions at every good opportunity.

There are no big volumes to buy at the moment. The price may correct even lower. In case of a false breakdown of the key level and the appearance of volume, there could be a good buying opportunity.

Write in the comments all your questions and instruments analysis of which you want to see.

Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.

P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

Get access to the private club with VIP signals 👉 bit.ly/Biko_VIP_SIGNALS

🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy

🔷YouTube 👉 bit.ly/YouTube_Lessons
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.