MANTA target 41h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP: 4 / 5.6
SL: 2.47
Mantausdtlong
MANTA ENTRY SETUP #DYOR #NFAThe $2.51-$2.65 range is a very good entry area, but this price depends on Bitcoin (BTC). If BTC drops to $59,500-$61,000, there is a possibility that MANTA will reach the $2.51-$2.65 area. However, if BTC does not drop, then the $2.9-$3.1 price is a good entry point.
Here are some factors to consider:
BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
It is important to do your own research before making any trading decisions.
MANTA will pump soon with Wyckoff Methods1h time frame
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MANTA performs a standard Wyckoff Accumukatuon Methods, which provide guidelines for identifying trade candidates and entering long positions. From chart above, we can recoginze obvious phases of Wyckoff, icluding AR / ST / Spring / LPS / SOS. Currently, MANTA is probably under the SOS phase (Sign of Strength), that is a price advance on increasing spread and relatively higher volume.
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Targets: 4.7 / 5.6 / 60+(long-term)