$MINA : Bearish Rejection at Key Resistance – Pullback Loading?
Mina Protocol (
$MINA ) is showing signs of exhaustion after a solid bullish run. The price hit a wall at the $0.095 – $0.096 resistance zone, and the bears are now fighting back.
On the 1H timeframe, we are seeing a sequence of bearish candles and a clear loss of buying momentum. This setup suggests that a healthy corrective pullback is likely as the market looks to retest lower support levels.
🔍 Technical Breakdown
The Wall: Strong rejection at the $0.095 level indicates that supply is currently outweighing demand in this overhead zone.
Momentum Flip: Technical indicators on the lower timeframes are rolling over, signaling a shift from "Greed" to "Caution."
Counter-Trend Play: This is a strategic short focused on capturing the immediate mean reversion toward the next support clusters.
⚡ The Short Setup (Sell Order)
Manage your risk strictly, as this is a counter-trend move. Book profits partially at each target to secure gains.
🔻 Entry Zone: $0.0890 – $0.0950
🎯 Target 1: $0.0870 (Initial liquidity grab)
🎯 Target 2: $0.0845 (Mid-range support)
🔥 Target 3: $0.0815 (Major structural floor)
🛡️ Stop Loss: Above $0.0980 (Clear invalidation)
💡 Trader’s Strategy
Wait for the retest of the entry zone if you missed the initial drop. Remember: Discipline > FOMO. If the price manages to break and close above $0.098 on a higher timeframe, the bearish thesis is voided.
Are you shorting this rejection or waiting for MINA to hit the support floors? Let’s discuss below! 👇
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