$MANTRA /USDT BEARISH PRESSURE BUILDING – CAN BULLS DEFEND 0.00760 SUPPORT?
MANTRA/USDT is currently showing signs of short-term weakness after rejecting from the 0.00858 zone. Price has pulled back toward the mid-range support around 0.00760, indicating that buyers are losing momentum after the recent 6%+ bullish push. The market is now in a decision zone where either a relief bounce or a deeper breakdown can occur depending on volume reaction at support.
If 0.00760 holds, we may see a short-term recovery toward resistance levels, but a clean breakdown below this level could trigger further bearish continuation toward lower liquidity zones.
TRADE SETUP
🔴 SHORT (Breakdown Setup)
Entry: Below 0.00760 (confirmed breakdown candle)
TP1: 0.00735
TP2: 0.00710
TP3: 0.00692
SL: 0.00785
🟢 LONG (Bounce Setup)
Entry: 0.00755 – 0.00760 (support hold)
TP1: 0.00785
TP2: 0.00810
TP3: 0.00840
SL: 0.00725
📊 MARKET Setup
Market is currently in a consolidation phase after a sharp move up. Momentum is weakening, and volume reaction at 0.00760 will decide the next major direction. Until a clear breakout or breakdown occurs, expect choppy price action within the range.