#mantra

Current condition

• Price: 0.01794

• There was a pump to 0.01855, then a sharp rejection (long upper wick).

• A large red volume bar appeared → indicates selling pressure / profit taking.

• Price is now below MA7 and MA25, which suggests short-term bearish momentum.

Key levels

Resistance

• 0.01810

• 0.01830

• 0.01855 (recent high)

Support

• 0.01785

• 0.01770

• 0.01750

Possible scenarios

1️⃣ Bearish continuation (more likely)

If 0.01785 breaks, the price may drop to:

• 0.01770

• possibly 0.01750

The long upper wick suggests a rejection or fake breakout.

2️⃣ Short rebound

If buyers step in:

• price may bounce to 0.01810

• possibly 0.01825

But this needs green volume confirmation.

Example futures setups

SHORT (safer at the moment)

• Entry: 0.01800 – 0.01810

• Take Profit: 0.01770

• Stop Loss: 0.01835

or

LONG (only if strong bounce occurs)

• Entry: 0.01780

• Take Profit: 0.01820

• Stop Loss: 0.01760

Conclusion

The market looks like it pumped and then got rejected, which often leads to consolidation or a short drop before the next move.