Trade setup for #MANA/USDT šš:
š Pattern: Sideways Channel Consolidation
š Emerging: Following a bearish breakout from a Channel Up pattern, MANA is consolidating in a Sideways Channel ($0.40-$0.50).
āļø Strategy for Trend Traders: Wait for a breakout above $0.50 resistance to signal a resumption of the uptrend. (Set a price alert)
āļø Strategy for Swing Traders: Trade the Channel, entering near channel support at $0.40 and exiting near resistance at $0.50 for a potential gain of +20%. Stop Loss (SL) at $0.37 (just below support and 200-day moving average). (Set a price alert)
šŖ Momentum: Bullish momentum with MACD Line above Signal Line and RSI above 55.
š Trend: Uptrend on Short- and Medium-Term basis, Neutral on Long-Term basis.
Trade wisely and stay adaptable! ššš
