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$MINA Structural Breakout: Smart Money Order Block Retest Before $0.1105 Expansion
📊 Market Bias: Strongly Bullish (Impulsive Structural Expansion)
Mina Protocol (
$MINA /USDT) has delivered a powerful bullish Change of Character (CHoCH) on the 1-Hour timeframe, breaking out from a low-volatility accumulation base at $0.0913 to sweep buy-side liquidity up to $0.1105. Following a brief consolidation, price action is holding constructively around $0.1069, well above the 1H SuperTrend dynamic support line ($0.0982). Fundamentals are supported by the recent mainnet deployment of the Mesa hard fork, which halved block times to 90 seconds and expanded zkApp state capacity.
🎯 Trade Setup: LONG ON RETEST
Primary Plan: Enter a LONG position as price executes a controlled retest into the 1H Fair Value Gap (FVG) and discount demand block to accumulate before the next expansion leg.
Entry Zone: $0.0995 – $0.1030 (Discount Demand / 1H FVG Retest Zone)
Stop Loss: $0.0960 (Placed safely below the 1H SuperTrend dynamic support at $0.0982)
Take Profit Targets:
TP1: $0.1105 (Local Swing High / Buy-Side Liquidity Peak)
TP2: $0.1185 (1.272 Fibonacci Extension Level)
TP3: $0.1280 (High-Timeframe Overhead Resistance)
Risk-to-Reward Ratio: ~1:2.7 (Calculated from optimal entry near $0.1012)
Trade Invalidation: Hourly candle closing below $0.0960.
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