Is MANA going to PUMP? Look for liquidity collection!

31 мар. 2022 г.

Decentraland (MANA) is the most popular Game-Fi project, so as soon as some news comes out, it is definitely Pump. But what does the technical analysis show?

As we can see by the horizontal volumes of $2.25-2.85 is a huge accumulation zone! A strong bullish signal would be to squeeze under the $2.85 level. Earlier we saw liquidity collection to sell, after which price dropped significantly.

Now we are expecting liquidity collection to buy and a volume growth. This will be a trigger to open long positions.
The first target for this move is the $3-3.10 zone, the second target is the $3.25-3.35 zone.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.