Mina 2H LongPair: MINA/USDT Perpetual Contract
• Timeframe: 2 hours
• Current Price: ~0.1822 USDT
• Indicators:
• EMA (likely short-term, e.g., EMA 9 & 20)
• Volume profile below
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🔹 Key Observations
1. Descending Trendline:
• A downward sloping resistance line is drawn from August highs.
• Price is consolidating below this line, suggesting a possible breakout attempt.
2. Support Zone:
• Strong horizontal support near 0.1810 – 0.1709 (marked in red).
• This zone has been tested multiple times, showing buyer defense.
3. Resistance Levels (Upside Targets):
• 0.1991 – first resistance after breakout.
• 0.2055 – 0.2215 – mid-range resistance cluster.
• 0.2365 – major resistance zone.
• 0.2950 – 0.3126 – extended upside target area.
4. Trade Setup (Highlighted Box):
• Entry: Around 0.1822 (current price).
• Stop-loss: Below 0.1570 (strong support breakdown).
• Take-Profit (TP): Staged at resistance zones up to ~0.2950.
5. Risk/Reward:
• Favorable R:R as the stop is tight compared to higher upside potential.
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🔹 Bias
• Bullish Setup: If price breaks above the descending trendline and holds above 0.1900–0.1990, it could trigger a rally toward 0.22 → 0.2365 → 0.29.
• Bearish Risk: If 0.1709 – 0.1570 breaks, the next downside level is around 0.1450 (previous low).
