manausdt

Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.
This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.
This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.
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$MANA Price: 0.3017 | +7.98% 📈 Absolutely EXPLODING!

Friend, if you're scrolling, STOP. This is it. The setup we wait for. MANA is not just pumping; it's screaming a technical breakout narrative. Let's break down why this is a potential SCALPPER'S DREAM. 🎯

🔥 TECHNICAL BREAKDOWN (The Evidence):

· CHART PATTERN: We've clearly broken out of a multi-day consolidation triangle! This massive green candle is the confirmation. The pattern target is far above here. 🚀
· CANDLESTICK PATTERN: This is a classic BULLISH MARUBOZU-like candle (or a massive bullish engulfing on lower timeframes). It shows overwhelming buying pressure with no significant rejection. Sellers are NON-EXISTENT. 🐂
· INDICATOR DIVERGENCE: Look at the MACD! The DIF (0.0071) has shot far above the DEA (0.0030), creating a massive bullish crossover and increasing histogram (0.0041). This is momentum ACCELERATION.
· TREND & MAs: Price is trading ABOVE ALL KEY EMAs (10, 20, 50, 100, 200)! The EMA ribbon is bullish and expanding. This is a TEXTBOOK uptrend. The 20 EMA (0.2962) is now your support.
· MOMENTUM (RSI): RSI is at a scorching 82.66! This is overbought, but in a strong trend, RSI can stay overbought for LONG periods. It signals immense strength, not an immediate reversal. 💪
· VOLUME: Massive volume spike (1M+) confirming the move! Volume is well above the MA(5) and MA(10). This is REAL buying, not a fakeout.

🧠 TRADING PSYCHOLOGY (The Story):

The crowd is FOMOing in NOW. The 8% pump is triggering emotional buys from those who missed the bottom. But WE are the smart money. We enter on the retest, not the peak. The psychology here is GREED, and we will ride its wave smartly. Fear of Missing Out (FOMO) will push prices higher before the eventual squeeze.

⚡ QUICK SCALP SETUP (50x Leverage):

This is for the bold. For the decisive.

· Entry Zone: 0.2980 - 0.2995 (Wait for a slight pullback to the broken resistance/new support & the 20 EMA area. DO NOT chase the green candle!)
· Stop Loss (Hard Stop): 0.2930 (Below the key EMA cluster and the breakout level. Protecting your capital is NON-NEGOTIABLE.)
· Take Profit Targets:
· TP1: 0.3080 (Quick scalp)
· TP2: 0.3150 (Next resistance)
· Leverage: Up to 50x (Use only if you understand the risk! Size your position accordingly.)

📊 FUTURES DATA CHECK (Crucial!):

· Funding Rate: 0.0076% 👌
· This is NEUTRAL-LOW. Absolutely perfect. No negative funding sucking your PnL. Longs are not over-crowded yet.
· Open Interest (OI): INCREASING! 📈
· OI is rising alongside the price. This confirms NEW money is flowing into LONG positions. This trend has FUEL.

✅ FINAL VERDICT:

All signals are BULLISH ALIGNED. Pattern:✅ Momentum:✅ Volume:✅ Sentiment:✅ Funding:✅ OI:✅

This is a high-probability, high-reward long scalp. The trend is your friend until it ends.

Action: WAIT for the pullback. Set your orders. Execute with discipline.

#MANA #MANAUSDT #TradingSignal #Scalping #50x #TechnicalAnalysis #Crypto #BinanceSquare #Altcoins #DeFi #Metaverse #CryptoTwitter #LearnToTrade

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Disclaimer: This is NOT financial advice. Trade at your own risk. Always do your own research. High leverage can lead to rapid liquidation.