REPOST: MANAUSD BUY | S6T3 - Trading Post for Team Frontline.

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The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

The name of the token traded is Mana also known as Decentraland.
Mana is an Ethereum based virtual existence platform that makes room for users to develop, contest, and use financially imaginative content and valuable applications. Mana has made it easy and possible for authorized users to Purchase, expand and lease landed and real estate properties in the visual society and receive their payments and profits in the native token of decentraland and which is Mana.

This token was created by Esteban Ordino and Ariel Meilich in 2017 with the conduct of an Initial Coin Offering worth $24million which is a very huge success for the project. They are among one of the projects that makes use of the Decentralised Autonomous Organizations (DAO) in making their governance conclusions and for that reason, Mana owners are in charge of raising opinions relating to how the land in the virtual world are regulated and managed for smooth running and they can secure revenues by leasing their land or advertising it for renting purposes.

Exchange Traded

It is traded in exchanges like Mxc, binance,bybit etc. You can view the below for more pictures.

Source: Coingecko

Technical/Fundamental Background

This can be found in the below screenshot.

Source: Coingecko

Why are you optimistic about this token today, and how long do you think it can rise?

I am optimistic about this token today because after making my analysis, I caught a good trading setup in the chart and I believe that it will get to the level of my take profit when the market starts reacting to price action and the laws of supply and demand.

How to Analyse the token? (using the analysis knowledge learned from professors’ courses) - the most important part.

I analyzed the trade using the Relative Strength Index, Support & Resistance and Median indicator.

I did my analysis with 5 mins timeframe because I am doing an intraday trading. I drew my support and resistance zone in my chart in order to give me a direction of the movement of the price. Then I applied the median indicator in my chart which showed a green band that signifies a bullish trend. I further confirmed the trend with Relative Strength index indicator which is coming out of the oversold zone and going in an uptrend as well before I took the trade.

Source: Tradingview

My entry price is @$2.5093 and my stop loss a little below the support which is $2.4770 and the take profit is @$2.5654

Source: mxc

Below is a screenshot of the progress of the trade.

Source: mxc

Do you intend to keep it for a long time or when to sell it?<

I intend on selling the token when it gets to my take profit point as I am trading currently as an Day trader.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

I recommend everyone to place the trade which I have analyzed but they can do their research to clear their sentiments.

But in the long term, I will advise everyone to hold at least some of this token in their spot wallet because it's a Metaverse & NFT token which is the major hype and the future of the Crypto market.

Anything other users want to share about the token/project.

I will like to share the social media handles of this token in case you want to further your research on them.

Reddit : https://www.reddit.com/r/decentraland

Twitter : https://mobile.twitter.com/decentraland

Github : https://github.com/decentraland

Bitcointalk : https://bitcointalk.org/index.php?topic=1968414.0

Website: https://decentraland.org