The $MANA /USDT pair is expected to drop in value based on the chart analysis. Here's why:
*Key Points* 1. *Triple Top Formation*: The price reached a high of $0.3020 three times but couldn't break through, indicating a strong resistance level.
2. *Bearish Engulfing Pattern*: A sharp decline followed the triple top, confirming a potential reversal.
3. *Breakdown Below Support*: The price broke below the $0.2850 support zone, signaling a shift in momentum towards the downside.
*Trading Plan* 1. *Short Trade Entry*: Consider entering a short trade between $0.2830 and $0.2855, given the current breakdown. 2. *Target Prices*: The potential targets for the short trade are $0.2750 and $0.2670. 3. *Stop Loss*: Set a stop loss at $0.2900 to limit potential losses.
*Market Insight* The rally appears overextended, and sellers have taken control. A break below $0.2800 with significant volume could lead to a sharp decline.
*Trading Tip* Wait for a weak retest towards $0.2850 before entering the short trade. Use a trailing stop to ride the move smoothly towards the target prices.
ā¢POI (Point of Interest): Price dipped into a demand zone at $0.40 ā $0.385. ā¢Liquidity Grab: Market swept the lows before pushing higher. ā¢Targeting Breaker Block at $0.50+ š
š° Bullish confirmation incoming? Watching for a strong push above $0.42 for full entry!
š» Supply zone rejection at $2900 ā confirmed bearish structure. š» Liquidity sweep above local highs ā engineered shorts. š» Fib retrace to 50% zone ā perfect reaction ā massive sell-off.
š Now sitting near $2028 ā key support level. ā ļø Break below? Next major demand $1930-$1950. š¢ Rebound? Watching for a potential retest of $2250-$2300.
We have seen new ATH , now price is consolidating and leaning towards order block at around 102000$. We may see a bounce there towards new ATH towards endo of the month. So if you want to take a trades, bid at 101-102k with Stoploss below 98k and target to 108-110k.
The $ACT /USDT pair is showing impressive gains, currently trading at $0.5852, up by a notable 7.16%! This surge is fueled by strong bullish momentum, with the price comfortably above the 50-period Exponential Moving Average (EMA 50), providing a robust support level. The 24-hour high of $0.6200 and low of $0.5333 highlight significant market volatility and strong trading interest. With a substantial trading volume of 149.60M USDT, the bulls are clearly in control, pushing the price higher! šš
I always emphasize the fundamental principles that help avoid mistakes:
šStop-losses are a must. The only thing you can predict with 100% accuracy is the size of your potential loss.
šRisk management. Never risk more than 1-2% of your deposit on a single tradeāless is even better.
š Risk-to-Reward Ratio (R:R) is key. The minimum acceptable ratio is 1:2.
šConsistency over the long run. Success is the outcome of consistent, well-informed decisions, not a single lucky trade.
šThis is analysis, not signals. All decisions are always yours to make.
Avoid any hope or emotional attachment to price movements. Stick to statistics, facts, and a disciplined, proven method. Remember, breaking the rules once leads to a chain of mistakesālike thereās never just one cigarette.
$LINK š The price is trading in the $22ā$24 range. A false breakout upward is expected, followed by a drop to $20 or lower. The key resistance zone is $24.
If the scenario plays out, a sharp move downward is likely.
On the current values, itās set in a bearish way: I expect to see a successful reaction from the allocated area of interest and the beginning of an aggressive markdown of the assetš½
The value of $93,730 is the first significant problem area for top-down pricing. It will be relevant to consider at least partial profit fixation when it is achievedš°
The next goal is the level of $89,422, the key magnet for the pricešÆ