This MAY be a bull flag, I'm not sure because it's too much inclined, so I'm just basing my analysis on trendlines and indicators.
MANA looks at a decision point as it's against a resistance but not just for this reason. VLPR shows current price range is where most of the transactions happened so far and, if you look at 4h and 1h bollinger bands there's a CLEAR contraction meaning a sudden move is about to happen. Since last LL was below 0.618 Fib line I think it's safe to believe this could start going up. However I'd enter carefully. Either you wait for next 4h candles to start shaping up or you enter with 20% of you position.
Worst case scenario: MANA goes into the 0.786 Fib line territory (around 0.51USDT) and then goes up but entering with a 20% of the money you can do a DCA even if this is a short term signal.
Best case scenario: it goes up and you've already a 20% of your bag.
What I would do: at the time I'm writing the 4h candle has 7 min left, I'd wait for at least another 2h before taking a decision.
Use stop loss. Good luck
MANA looks at a decision point as it's against a resistance but not just for this reason. VLPR shows current price range is where most of the transactions happened so far and, if you look at 4h and 1h bollinger bands there's a CLEAR contraction meaning a sudden move is about to happen. Since last LL was below 0.618 Fib line I think it's safe to believe this could start going up. However I'd enter carefully. Either you wait for next 4h candles to start shaping up or you enter with 20% of you position.
Worst case scenario: MANA goes into the 0.786 Fib line territory (around 0.51USDT) and then goes up but entering with a 20% of the money you can do a DCA even if this is a short term signal.
Best case scenario: it goes up and you've already a 20% of your bag.
What I would do: at the time I'm writing the 4h candle has 7 min left, I'd wait for at least another 2h before taking a decision.
Use stop loss. Good luck