Hello Traders,
Before we start to discuss, I’ll be so glad if you share your opinion on this post’s comment section and hit the like button if you enjoyed it!

– Checking our 1D TF we can see that $MANA price action has bounced strongly from support level 0.7000$ which acted before as an Support&demand pattern ( accumulation ) for a previous bullish impulse on 28 October 2021 suggesting
that its a POI for many retail traders buying the asset on a discounted price .

– On 4H TF $MANA just broke above level of S/R of 1.000$ – 1.1000$ , would like to see the buyers pushing towards 1.215$ showing they have the strength to trade higher as the price would be lifted towards level of 1.4000$-1.5000$ S/R
level , buying pressure seems decent and this is a good sign to trade higher

– Meanwhile do not forget to monitor the Bitcoin movement as it’s fixed above crucial S/R level 30000$ and should have a 1D candlestick closing above this level or else price will drop again towards level 27k-28K

Good Luck Traders