MANA, false breakout as a good selling opportunity!

٣١ يناير ٢٠٢٢

A key level can be identified on the MANA chart. The price broke through this level, but immediately closed below this level. This is a false breakout. You can also note the large volume at the top. This is a negative signal. Therefore, a false breakout can be a good opportunity to open a sell position.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.