Technical Analysis Of Manausdt 4H

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Technical Analysis Of Manausdt 4HDecentraland / TetherUS PERPETUAL CONTRACTBINANCE:MANAUSDT.PRajaSaienπŸ”Ž Technical Analysis 1. Chart Pattern Price has been trading inside a symmetrical triangle (A–B–C–D formation). Recently, it broke out to the upside, signaling a possible bullish continuation. Breakout candles are supported by green Heikin Ashi momentum, confirming buying pressure. 2. Key Levels Immediate Support: 0.2950 – 0.2920 (200 EMA + triangle base support). Current Price Zone: 0.3090 – 0.3100 (post-breakout). Resistance Levels: 0.3128 β†’ First hurdle (just tested). 0.3267 β†’ Next upside target. 0.3400+ β†’ Extended bullish target if momentum continues. 3. Indicators EMA Trend: 50 EMA (yellow) crossing above 200 EMA (blue) β†’ Golden Cross setup, bullish bias. Volume (not shown but inferred): Breakouts from triangles usually need volume; if confirmed, breakout has strength. 4. Potential Scenarios Bullish Case (High Probability): Price sustains above 0.3128, pushes toward 0.3267, and possibly 0.3400. Bearish Case (Low Probability): If price fails to hold 0.3000–0.2950, it could fall back into the triangle and retest 0.2920. 5. Trading Plan Entry (Aggressive): Current levels (0.3090–0.3100) on pullbacks. Entry (Conservative): Wait for 4H candle close above 0.3128. Stop Loss: Below 0.2950 (triangle support + 200 EMA). Targets: TP1 β†’ 0.3128 TP2 β†’ 0.3267 TP3 β†’ 0.3400 βœ… Summary: MANA/USDT has broken out of a symmetrical triangle on the 4H chart with bullish EMA structure. As long as price stays above 0.2950, bias remains bullish with targets at 0.3128 β†’ 0.3267 β†’ 0.3400. Failure to hold above 0.2950 would invalidate the breakout.