【$MANA Signal】No Position - Weak Rebound in Downtrend

$MANA Continues to consolidate weakly below EMA20, showing a downward continuation pattern on the 4H timeframe. Although there is a slight rebound, buying strength is weak, and the deep imbalance indicates heavy selling pressure.

🎯 Direction: No Position

Market Analysis: Price is firmly suppressed by EMA20 (0.0988). The 4H candlesticks have repeatedly failed to break higher. The latest candlestick shows extremely low volume, with a buy/sell ratio of only 0.18, indicating that bulls have no intention to push higher at this level.

Hardcore Logic: Deep imbalance reaches 24.74%, with ask orders far exceeding bid orders. This is a typical institutional distribution structure. Open interest remains stable but prices are falling, combined with negative funding rates, indicating not a short squeeze but passive long positions dominated by bears.

RSI (39.28) is not oversold but remains in a weak zone. ATR shows low volatility, but this is stagnation within a downtrend, not a bottoming process. Key resistance levels are at 0.0988 (EMA20) and the psychological level of 0.1000. Until these are broken, any rebound is a shorting opportunity, but currently, there is no clear right-side short signal, and the risk/reward ratio is not favorable.

Trade 👇 $MANA

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