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MANA/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 2.3939, 2.4607, 2.5000.

Key Support Levels: 2.3551, 2.3409, 2.3075.

1-Hr Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside and rebounded above the strong support level around the 2.3545 USDT mark. This shows that the buyers are in control and might move the price upward toward the next key resistance level.

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 double bottom 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 @ 2.3589

Target Profit 1 @ 2.3939

Target Profit 2 @ 2.4607

Stop Loss @ 2.3239

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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