๐ Altcoin $MANTRA โ short rejection setup
Price made an aggressive impulse into the 0.0110 โ 0.01125 resistance / liquidity zone and immediately printed a sharp rejection wick on M30, signaling a likely local exhaustion.
The move looks like a classic liquidity sweep above recent highs followed by seller absorption.
๐ Price is still above the major moving averages, so the broader intraday trend remains bullish, but the current extension is overheated and vulnerable to a pullback.
๐ Volume spiked heavily on the rejection candle, which often confirms distribution rather than continuation.
๐ก Technical scenario
๐ฏ Short entry zone: 0.01090 โ 0.01110
๐ฏ Targets: 0.01070 โ 0.01060 โ 0.01050
โ๏ธ Stop-loss: above 0.01125
โ ๏ธ If price consolidates above 0.01110 and volume remains strong, continuation toward 0.01150+ is possible.
For now, this looks like a clean scalp short after a liquidity grab.