⚡️ Market Context
MANA's strong pump in early July was halted by a seller intermission, marked as wave (a). Since then, buyers and sellers have been in an active battle around a newly formed supportive trendline.
📈 Chart Explanation
Sellers are currently attempting to breach below this supportive trendline in order to trigger a new correctional leg (c). The tug-of-war at this level is the key structural development to track.
🎯 Entry Decision
The critical sign for confirming the end of leg (b) is a clear loss of the highlighted support zone. Until that break is confirmed, there is no valid entry, this remains a zone to monitor, not act on.
💰 Execution Plan
Once sellers confirm control by breaking below the highlighted support, joining the final leg of this correctional pattern becomes viable, provided proper risk management is applied around that confirmation level.
📈 Outlook
A confirmed break below support opens the path for leg (c) to complete the corrective pattern. Continued holding of this trendline instead keeps buyers in the fight and delays the correction.
