Short MANA

Mar 8, 2023

MANA is showing more weakness. Firstly, a H&S formed and the neckline was broken. Retest of this neckline is rejected, very likely.

Secondly, both EMA 50D and MA 200D were broken down. Bears are in favor.

Finally, CMF volume indicator lost its trendline and its values become negative. This means "lack of buying interest".

As a result, a short setup is proposed as in chart.

Mar 9, 2023

Note

+14% profit
Should book partial profit because market will bounce a after strong sell these days