Alright, let’s break down MINA / USDT (4H, Binance) based on what’s visible on your chart 👇
📉 Market Structure
The pair is clearly in a short-term downtrend.
Price has been making lower highs and lower lows, confirming bearish momentum.
The sharp red candle shows strong selling pressure, likely a support breakdown.
🟨 Key Zone (Highlighted)
The orange zone around ~0.073–0.075 USDT was a major support.
Price tested this zone multiple times, then finally lost it, which is a bearish signal.
This zone may now act as resistance if price tries to bounce.
📍 Current Price Action
Current price is around 0.0663 USDT.
After the breakdown, there’s no strong bullish reaction yet, meaning sellers are still in control.
Any small bounce without volume would likely be a dead-cat bounce.
🔽 Possible Scenarios
Bearish continuation (more likely):
If price stays below 0.073, downside continuation is possible.
Next potential demand could be around 0.060–0.062 (psychological & prior structure area).
Bullish recovery (needs confirmation):
Price must reclaim and hold above 0.073–0.075 on the 4H timeframe.
Ideally with strong volume and a higher low.
🧠 Trading Insight
This is currently a “wait for confirmation” zone, not an ideal blind long.
Safer longs usually come after support reclaim, not during breakdown.
Trend traders will still favor sell-on-retest until structure changes.
If you want, I can:
Mark exact support & resistance levels
Give a long/short setup idea
Or analyze it on 1D or 1H timeframe
Just tell me 🔥📊
#MINAUSDT