MANA/USDT (Futures) Potential Upward Movement

MANA/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 2.4769, 2.5205, 2.5485.

Key Support Levels: 2.4314, 2.3930, 2.3700.

1-Hr Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and a series of lower highs and lows has been posted where further movement to the upside could be seen.

MANA/USDT (Futures) Medium-Term Trend: Bullish

10-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 2.4333               

Target Profit 1 @ 2.4769

Target Profit 2 @ 2.5205

Stop Loss @ 2.3899

Trade Safely 🙂