AI Analysis: $MNT/USDT

Entry Price: 1.14–1.155

Target Price:

- TP1: 1.16

- TP2: 1.17

- TP3: 1.18

- TP4: 1.19

- TP5: 1.20+

Stop Loss Price: Below 1.12

Reasons for Buying:

1. Pattern Confirmation:

- The 2-hour chart forms a "double bottom" reversal structure (neckline at 1.16), bottom depth 0.04 (1.12-1.16)

- Measured increase = bottom depth × 1.618 = 0.065 → Target Price 5 = 1.12 + 0.065 = 1.185 (actual rounded to integer 1.20+)

2. Trend Structure:

- Break through the 2-hour downtrend line (1.19→1.17 line), price above MA(50) 1.15

- RSI(14) = 62 (strong area), MACD red bars expanding shows increasing bullish strength

3. Market Sentiment:

- The 1.12 area shows a "panic sell-off - long lower shadow" reversal signal

- Three consecutive 2-hour candlesticks closing above 1.14 (historical support + Fibonacci 38.2% retracement level)

4. Indicator Verification:

- OBV indicator hits a new high in 2024, showing capital inflow

- Funding rate +0.185% (positive for 5 consecutive hours), futures open interest increased by 22%

- On-chain data: exchange net flow -8,000,000 coins, whale holdings increased by 18%

This content is for reference only and does not constitute investment advice.