That 24.8 RSI on the 15-minute tells me sellers are exhausted in the short term, but the higher timeframe still favors shorts. EMA9 and EMA20 are bearishly aligned, so I’m taking the short with around 70% conviction. The momentum is stretched, and if price can’t reclaim above the EMA20, the path of least resistance is still down.
What happens next if $MANA fails to break above the EMA20 – will it invite a wave of sellers or prompt a reversal?
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