MANTA has broken out of a clean ascending triangle formation, confirming bullish strength. The breakout happened just above a key horizontal resistance and the 50 EMA, flipping both into support.
The chart shows a strong impulse candle on breakout, with a well-placed stop below the ascending trendline and a healthy 4.5R risk-reward to the upside. RSI sits near neutral (50.86), suggesting there's still room for price expansion.
DYOR, NFA
The chart shows a strong impulse candle on breakout, with a well-placed stop below the ascending trendline and a healthy 4.5R risk-reward to the upside. RSI sits near neutral (50.86), suggesting there's still room for price expansion.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.