$MINA Sharp selling pressure and touching the bottom!
Technical Analysis:
The currency is moving in a very strong downward trend, clearly trading below the "Exponential Moving Averages" (EMAs) that form strong resistance barriers. The price has currently reached the "Lower Trendline" of the descending channel at levels of 0.0817. Technically, this area is likely to experience a corrective bounce due to selling exhaustion, but entering requires extreme caution. The condition for positivity is for the price to return to trading above the nearby resistance level at 0.0929.
Targets:
🎯 T1: 0.0930 (Recovering the broken level)
🎯 T2: 0.1050 (Testing the descending averages)
🚀 Full Extension: 0.1180
The knife is falling... do not catch it unless you have a confirmed signal!
