MANTA / USDT LONG (🟢)
* Entry Price: 0.0888 (Executing at the low end of the recent daily range, targeting a bounce from crucial support.)
* Stop Loss (SL): 0.0850 🛑 (Tight defense placed safely below the critical Fibonacci support of 0.0872 and the all-time low of 0.086389 (Source 1.3, 3.1), minimizing risk.)
* Take Profit (TP 1): 0.0980 🎯 (First quick, secure target at the high end of the current consolidation range.)
* Take Profit (TP 2): 0.1050 💰 (Next major structural resistance clearance, aligned with the 0.1026 7-day Simple Moving Average (SMA) - Source 3.1.)
* Take Profit (TP 3): 0.1150 👑 (The risk-reduced target before the previous consolidation high.)
CONCISE ANALYSIS (LONG)
Manta Network ($MANTA) is showing a strong good setup breakout opportunity for a rebound. The token has experienced a significant decline (down 14.17% in the last 7 days - Source 1.1) but is currently testing a crucial floor.
* Critical Support Defense: The entry price of $0.0888 targets the strongest short-term support zone (Source 3.1). A successful defense of this area confirms that the intense selling pressure is exhausted, and a short-term relief rally is likely.
* Bullish Pattern: On longer timeframes, MANTA is forming a Falling Wedge pattern (Source 1.6), which is a classic technical pattern suggesting a major bullish reversal is due. We are positioning to catch the start of this reversal.
* Low Risk Entry: Entering at this strong, defended support level provides an excellent risk-reward profile to capture the momentum back toward the $0.10-$0.11 range.
Execute this LONG signal now to capitalize on the good setup for a rebound.
👉 Direction: LONG 🟢
👉 Leverage Range (Risk Tolerance): 5x to 30x
#MANTA #MantaNetwork #LongSignal #GoodSetupBreakout #FutureTrading $MANTA Tap here to trade now 👇👇🔥
