MANA/USDT IS IN DANGER. LONGS BEWARE.
We saw a massive rally of +300% on MANA recently and many made some good money on this coin but the current situation is not favoring to hold or enter any long position. MANA might drop badly if it breaks and closes below 100 MA. It is already -20% down and it can continue further. So, those who are long on MANA, be careful.
To take short entry on this coin make sure you wait for the close and then place your order for short between $2.59 to $2.69. Keep in mind that we have to wait for the confirmation first before entering short.
The same goes for the long entry. I would go long on MANA only when it breaks above $3.
For now, I am expecting a bearish move coming in. This doesn't mean that I am against this coin or I don't like this coin. Being a TA guy, there ain't no coin which I love or hate. We just flow with the probability of the coin and try to find out ways to make money and trade safe.
That's all. Now let's see what happens.
See you guys on the next update.
To take short entry on this coin make sure you wait for the close and then place your order for short between $2.59 to $2.69. Keep in mind that we have to wait for the confirmation first before entering short.
The same goes for the long entry. I would go long on MANA only when it breaks above $3.
For now, I am expecting a bearish move coming in. This doesn't mean that I am against this coin or I don't like this coin. Being a TA guy, there ain't no coin which I love or hate. We just flow with the probability of the coin and try to find out ways to make money and trade safe.
That's all. Now let's see what happens.
See you guys on the next update.