#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third...
I see a nice accumulation range on MANTA (white box). I expect a good pump as soon as the price will broke above this range with a possible 50% pump. Looking at lower tf, the black box is an important resistance to broke.
Manta is very strong coin at the moment. Breaking out higher. I am expecting new ATH soon. Playing bigger position with spot.
NOT A FINANCIAL ADVICE
ALWAYS USE STOPLOSS AND MANAGE YOUR RISK
IF YOU HAVE ANY QUESTIONS PLEASE LET ME KNOW IN COMMENTS
MANTAUSDT Technical analysis update
MANTAUSDT price breaking its trend resistance line in the 4H chart. we can expect a50-100% move in short-term
Buy zone: Below $3.45
Stop loss: $2.97
Hexa
Regards
MANTA is exploding and it's breaking every resistance. It's actually trying to broke the last stop before new ATH. I expect a small range before pumping till $3.9 first and $4.35 next. It's matter of time
MANTA is approacing main support trendline. We basically have two options here (As always): bounce the trendline aiming for resistance zone at 3.16 or break the trendline and going to support zone at 2.5. Considering the ETH possible weakness, i expect the short. Trying new color setup, do you like it? I think it's more clear
Mant/Usdt Looks Promising For Breakout
Incase Of Successful Breakout I Am Expecting 20-40% Bullish Move For Short Term : Lets See
This is not financial advice , Dyor
MANTA is moving exactly in my zone of interest, that is a good support zone on ourly timeframe. I expect the price to start pumping from there, that's why i have a tight invalidation. BTC will lead the move, so if BTC decide to drop more, setup will probably be invalidated. Target liquidty zone on M15 timeframe
I don't like the actual chart on MANTA. I am sure it can pump again (and probably will make a mega pump now that i am closing it) but i think i will wait a retrace till 3.2 before entering again. It's actually sitting on trendline, so price action is not clear.
We missed the take profit for few cents on MANTA, but setup was good and entry pretty perfect. I think we could see another pump on MANTA, the moment is good, and the target is still possible. But i decided to no risk more and i personally close 50% here keeping the rest at break even
I want to see MANTA to retrace till the support zone i drawed (green box). This support need to hold in order to expect a possible bounce. A small squeeze could happen considering the actual volatility, that's why we could see a fast drop till 2.05 before caming back in the box, and only here i would consider to enter long
