technical analysis and trade signal for $MANTA /USDT:💯🔥🔥🚀🚀🚀

Current Price: 1.109 USDT

Trend Analysis:

The price is currently in an upward momentum, as indicated by the +6.43% increase in the past 24 hours.

The price is hovering near the resistance level at 1.121, with the support level close to 1.013. A breakout above the resistance could lead to further bullish movement, while a dip below support could trigger a reversal.

Support & Resistance Levels:

Support: 1.013 (recent low)

Resistance: 1.121 (recent high)

Key Indicators:

RSI (Relative Strength Index): Currently near 60, indicating the asset is in a neutral zone but can enter overbought territory if the price continues its bullish momentum.

MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, showing a bullish crossover and continued upward momentum.

Volume: The 24h volume of 12.82M MANTA suggests healthy trading activity, which is supporting the price rise.

Trade Signal:

Buy Signal: Enter the trade around the current price of 1.109, with a clear break above 1.121 confirming continuation of the upward trend.

Stop Loss: Set a stop loss just below the support level at 1.013 to limit risk in case of a trend reversal.

Target Levels 🎯:

1. Target 1: 1.145 — A minor resistance level, with a potential for a small pullback.

2. Target 2: 1.175 — A more significant level, aligning with prior price action and Fibonacci retracement levels.

3. Target 3: 1.20 — A psychological level and strong resistance, where profit-taking can occur.

Trade Momentum:

Momentum: The price is showing bullish momentum, supported by volume and the bullish crossover in the MACD.

Potential Risks: Watch for a break below the 1.013 support level, which would signal a potential downward trend.

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