MANA: Bullish Breakout Alert! Watch for Confirmation

23 feb

💎 MANA has broken out of a descending channel, forming an inverse head and shoulders pattern, indicating a potential bullish reversal. Additionally, the price action is showing signs of bullish momentum, further increasing the likelihood of a bullish move.

💎 If MANAUSDT successfully breaks above the resistance level, it may signal a continuation of the bullish trend. However, if MANA experiences a pullback, it would be prudent to wait for it to reach the next support level + bullish Order Block (OB) zone before considering entry. A bounce from this area could provide a favorable entry point.

💎 On the other hand, if MANA breaks down below these levels or exhibits panic selling behavior, it may be wise to avoid trading it until the market conditions stabilize and clearer signals emerge.