After a powerful surge, $MINA/USDT is facing a sharp rejection near a local high, signaling that short-term profit-taking and resistance levels have kicked in. Currently trading at $0.2789 (+3.22%), MINA is showing signs of pulling back into a potential bounce zone—offering a solid opportunity for tactical traders.
Let’s dive into the chart setup, key levels, and what you should watch for before entering.
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24-Hour Snapshot
Current Price: $0.2789
24H High: $0.3139
24H Low: $0.2695
24H Volume: 30.57M MINA
The token surged impressively but hit selling pressure near $0.31, a psychological and technical resistance. A rejection wick near the top suggests that short-term traders are locking in gains.
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Key Technical Levels
Major Resistance: $0.3000 – $0.3140
Immediate Support: $0.2700
Bounce Zone (Buy Interest): $0.2720 – $0.2780
This zone is likely to attract dip buyers, especially if volume confirms interest. Price has tested this area multiple times, making it a reliable range to watch.
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Trade Setup for $MINA/USDT
Entry Zone:
Wait for confirmation in this range to reduce downside risk:
Entry Range: $0.2750 – $0.2800
This area allows for entry near support, minimizing loss if the trade fails.
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Profit Targets (TP):
If the bounce materializes, the following take-profit levels provide a clear roadmap:
TP1: $0.2950 – Recent local structure
TP2: $0.3100 – Retest of 24H high and resistance zone
You can secure partial profits at TP1 and ride the remainder to TP2 if momentum sustains.
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Stop Loss (SL):
SL: $0.2680
This level is just below the 24H low and invalidates the bounce structure if breached. It keeps your downside controlled.
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Market Insight: Bounce or Breakdown?
MINA’s recent performance showed strong bullish energy, but the market is clearly reacting to the psychological barrier around $0.3100. The quick sell-off suggests a short-term cooldown is underway.
However, price is now retesting a reliable support zone between $0.2720 – $0.2780. This range has historically acted as a launching pad for minor rallies, and if bulls show up again with volume, another leg up could follow swiftly.
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Pro Tip:
Watch for a bullish engulfing candle on the 1H or 15M chart in the entry zone.
Volume is key—without volume confirmation, avoid forcing the trade.
Don’t chase. Let price come to your zone and look for proper signals before entering.
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Final Thoughts
$MINA/USDT is setting up for a classic bounce scenario. After a strong run-up and expected rejection, it’s returning to a value zone where risk is manageable and upside targets are clearly defined. With TP1 at $0.2950, TP2 at $0.3100, and a tight SL at $0.2680, this setup offers an attractive risk/reward ratio.
Just remember: let the market show its hand first—confirmation is key.
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Ready to catch the bounce? Stay alert—opportunities in volatile coins like MINA move fast!