$MANA
/USDT Technical Analysis & Trade Signal:
Current Price: $0.4898
Trend: Bullish (Based on the 2.64% increase in 24h price)
Key Support & Resistance Levels:
Support: $0.4764
Resistance: $0.5095
RSI (Relative Strength Index): Indicating a slight bullish trend but approaching overbought, cautioning possible pullbacks.
MACD (Moving Average Convergence Divergence): Bullish crossover signal indicating continued upward momentum.
Trade Signal:
Buy: At the current price of $0.4898 or a potential retracement to $0.4770 (support level).
Target Levels 🎯:
1. Target 1: $0.4950 (Near recent high)
2. Target 2: $0.5050 (Psychological resistance level)
3. Target 3: $0.5150 (Potential breakout level)
Stop Loss: $0.4760 (just below the support level)
Momentum: Moderate bullish momentum, suitable for short-term traders or those looking to capture a few percentage points.
This setup shows potential upside with a relatively manageable risk. Always use stop-loss to manage risk in volatile markets.