bensonwithin

I'm Sorry MANA But You Need To Sit Down

BINANCE:MANABTC   Decentraland / Bitcoin
Currently MANA is trading at the top of it's channel which will likely produce a downtrend. Because BTC rules the market and I am expecting BTC to continue to go down, alt coins will follow. You can see on the 4 hr chart that two candles have long wicks touching the top of the channel. This means many sellers are in that area and not enough buyers. I plan to buy in at the 50, 61.8 and 78.6 Fibonacci levels as it comes back down. Always set stop losses to minimize risk in the event that it doesn't bounce. I don't expect these bounces to be very large, 5% max. But small profits add up.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.