BOOM! $MANA Just Wrecked Shorts – $2.4K Liquidated at $0.3457!
The bears got REKT as $MANA blew past the $0.3457 mark, triggering a major short liquidation wave! The pressure is on – and that could be just the beginning of a powerful bullish rally!
MANA Technical Analysis – The Aftershock!
Current Market Sentiment:
Shorts are burning, bulls are charging! The liquidation at $0.3457 reveals weakness in the bear zone – and that opens up a juicy opportunity.
Entry (Buy) Zone:
$0.3370 – $0.3470
This is a solid accumulation range. Price may retest before liftoff – watch closely for confirmations like bounce candles or volume surge.
Target Levels (Upside Potential):
1. Target 1: $0.3690 – Quick scalp zone after reclaim.
2. Target 2: $0.3890 – Major resistance from previous structure.
3. Target 3: $0.4150 – Bull breakout target if momentum continues!
Stop Loss (Risk Management):
Below $0.3310
Place a tight stop to avoid fakeouts or deep pullbacks. Protect your capital!
Why This Matters?
Short liquidations are fuel for upside – the more they get squeezed, the higher we go.
Volume is showing life, and the breakout above $0.3457 signals bulls are ready to take over.
If $MANA breaks and holds above $0.3550, expect a momentum-driven rally.