【$MANA Signal】Long and short battle, waiting for direction confirmation on the 1H timeframe!

$MANA The 1H timeframe is oscillating narrowly between 0.100-0.102, with the price staying close to the 1H EMA20 (0.1012), and the battle between bulls and bears is intense. The 4H timeframe remains in a downtrend channel, but the latest 4H candlestick shows a long lower shadow (0.0988-0.1013), indicating strong buying support below. The current price is declining but open interest (OI) remains stable, suggesting it’s not major selling by large players but rather a shakeout after a bull trap, building momentum for a trend reversal.

🎯 Direction: Watch and wait (Pending order strategy)

⚡ Breakout Buy Order: If the price stabilizes above 0.1020, go long. (Reason: Breaks above the 1H consolidation upper boundary and dense trading zone, confirming bullish momentum)

⚡ Pullback Buy Order: If the price retraces to 0.0995-0.1000, go long. (Reason: Supports at previous low and the low point of the 4H long lower shadow)

🛑 Stop Loss: 0.0980 (Reason: Breaks below the 4H key support, structure is broken)

🚀 Target 1: 0.1040 (Reason: Previous high resistance on the 4H timeframe and near EMA50)

🚀 Target 2: 0.1070 (Reason: 1.618 Fibonacci extension level)

🛡️ Trading Management:

- Position size suggestion: Light position (Reason: 4H trend is unclear, only 1H battle ongoing)

- Execution strategy: After any pending order is filled, reduce position by 50% at Target 1, and move stop loss to entry price. If the price cannot quickly move away from the cost area, consider closing to break even.

Deep logic: Market depth shows a massive accumulation of buy orders below 0.100 (over 2 million USDT), forming a solid defense line. The 1H RSI (47.97) is in a neutral to weak zone, leaving room for a rebound. Funding rate (0.0056%) is healthy, with no risk of a long squeeze. The key is whether the price can break through 0.102 with volume; if OI rises simultaneously, it will confirm the main force’s bullish intent.

View real-time market 👇 $MANA

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