$MANTA
/USDT Technical Analysis and Trade Signal๐๐ฏ
Current Price: $0.836
24h High: $0.840
24h Low: $0.716
Bollinger Bands:
Upper Band: $0.842
Middle Band: $0.773
Lower Band: $0.703
Parabolic SAR: $0.783
MACD: Bullish (Positive crossover)
Order Book: Strong Buy-side (55.81% bid)
Technical Overview:
1. Trend:
MANTA is in a bullish trend with the price near the upper Bollinger Band and the SAR indicating continued upward movement. The MACD supports this positive momentum, indicating potential for further growth.
2. Support & Resistance:
Immediate Resistance: $0.840 (recent high)
Immediate Support: $0.783 (SAR level)
3. Volatility:
Bollinger Bands show that the price is near the upper limit, suggesting that while there may be some short-term resistance, the market is bullish and could break through.
Trade Signal:
Entry Point: Enter long at $0.783 (near SAR and support level) or on a slight pullback.
Target Levels:
Target 1 (T1): $0.840 (first resistance level)
Target 2 (T2): $0.850 (possible breakout above the resistance)
Target 3 (T3): $0.880 (next potential resistance zone based on previous price action)
Stop Loss: Set below the SAR at $0.773 to limit downside risk.
Momentum Analysis:
The MACD shows a positive crossover, indicating strong bullish momentum.
The Order Book data suggests a healthy demand with 55.81% bid volume, indicating that there is strong buying interest at current price levels.
Trade Execution Strategy:
Long Position: If the price retraces to around $0.783 (SAR support), consider entering a long position.
Exit Strategy: Take profits at Target 1 ($0.840) and Target 2 ($0.850). If momentum continues strong, look for Target 3 ($0.880). Adjust stop loss to break-even once Target 1 is hit.
Momentum Outlook: Bullish with strong potential for upside in the short to medium term, given the solid technical indicators and buy-side pressure.
#COSSocialFiRevolution #BTC97KNewATH #BinancePoolFractalBitcoin @Contentos-COS