$MANTA

Manta is still holding our 78% fibonacci level

Here’s the psychology behind the 78.6% Fibonacci level in trading:

78.6% Retracement as a Deep Correction: The 78.6% level indicates a relatively deep retracement of the prior move. From a psychological standpoint, this level suggests that after a significant price move (either up or down), there is a higher probability that the price might reverse from this point, compared to shallower retracement levels.

while breaking this level will indicate a strong bearish in control of the market.

Breaking the 1.77 will create a potential push to the upside & a potential revisit to 2.631

again we need to see 1.77 breaks before we consider 2.631 as a potential target

on the other hand each fibonacci levels are also a potential targets so please select the target that suits your appetite

NOT FINANCIAL ADVICE