$MNT 1D

Bitcoin dominance is still at 51%, which means it’s time to get more altcoins 😏

The price has left the ascending channel and, in fact, has fulfilled its growth potential of 20%. However, this may just be the beginning. Now the price has come to a retest of the upper border of the channel and if sellers turn on at the current levels, the price may again break through the current maximum. If the level of 0.85 passes, I expect growth to at least $1.

Going long in the upcoming altseason is much less risky than looking for shorts. When opening a long position, even from the current levels, a stop can be placed within the boundaries of the channel under EMA-20 1d (0.675). Take in the range of 0.97-0.99.

If the price passes EMA-20 1d down, then it is likely that it will immediately head to EMA-50 1d or to the lower border of the channel. You should be careful, because in addition to upward signals, we also see a formed bearish divergence, the completion of which implies a decline even below 0.5. So be sure to stop!

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