I continue to aggressively pack my portfolio. While the market is noisy, I am picking up $MANTRA for the long haul. This is a conscious choice based on the chart that screams accumulation.
My technical analysis:
Entry point: I entered at $0.01051. We are currently at the very heart of the area of interest (purple block). These are the levels where the big player is vacuuming up the supply from weak hands.
Compression: Look at the Bollinger Bands — the price is squeezed. Usually after such a 'sleep' an impulse follows that takes out all the short sellers.
Signals: MACD shows a reversal pattern, and the candle shadows from below confirm that the price below $0.0100 is being actively bought.
My plan:
This is the 26th asset in my challenge. I'm not worried about local drawdowns. My goal is the global cycle.
My move: Limit orders to buy are set at levels $0.0100 and $0.0050. I'm ready to take everything that is poured into the order book.
Position formed. The asset list is growing, the system is working. We're observing.
