Decentraland / Metaverse - buy on 1H chart

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Dear traders and followers,

the Mana price has risen sharply since Facebook’s announcement (change in Meta). The trend is our friend and therefore we are looking for good entries with a solid R/R ratio. In the best case the price corrects up to 1. 5 $ level which results in the best R/R ratio. The first orders are placed at 2.4$ and 1.95$ because the probability is low that the price actually falls to 1.5$ with the currently strong buying interest.

In the case of a breakout over the short term downtrend line we wait for confirmation before entering the market with a buy position.

**first position add is 20% and not 25%**

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Chart PatternsTechnical IndicatorsTrend Analysis

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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