Confirmations:
- Double Bottom
- Long downward channel breakout and restest
This move totally depends on how BTC moves next week. It could be a good swing long setup with tight SL.
12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation...
SL hit in the previously posted chart idea. This setup, however, can give huge returns if played correctly on daily TF. Currently making triple bottom. Any bullish movement on BTC can easily hit the TP of MANTAUSDT in couple of days. I currently am taking a long with 10x lvg on this one. RR is 8.57 which is great. Very low risk vs high reward. Patience is the key...
1h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP:...
1h time frame
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MANTA performs a standard Wyckoff Accumukatuon Methods, which provide guidelines for identifying trade candidates and entering long positions. From chart above, we can recoginze obvious phases of Wyckoff, icluding AR / ST / Spring / LPS / SOS. Currently, MANTA is probably under the SOS phase (Sign of Strength), that is a price advance on...
Manta is very strong coin at the moment. Breaking out higher. I am expecting new ATH soon. Playing bigger position with spot.
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