$MANTA Here’s a short-term analysis for your MANTA trade setup:
**Trade Setup Details**
- **Entry Point:** 1.010
- **Stop Loss:** 0.900
- **Risk per Trade:** 0.110 (Entry - Stop Loss)
- **Key Levels**
**Support Levels:**
- **0.900:** Strong support level aligned with your stop-loss placement. Breaking this level could signal a bearish continuation.
- **0.950:** Intermediate support that could provide a bounce if prices test it.
Resistance Levels (Profit Zones):**
- **1.050:** Minor resistance where short-term selling pressure might emerge.
- **1.100:** A significant resistance level and realistic profit target in the short term.
- **1.150:** Extended target for aggressive traders if bullish momentum sustains.
**Profit Target Ideas (Risk-to-Reward Ratios)**
1. **Conservative Target:** **1.050**
- Profit: 0.040 (1.050 - 1.010)
- R:R Ratio: ~1:0.36 (less favorable for high risk but achievable).
2. **Moderate Target:** **1.100**
- Profit: 0.090 (1.100 - 1.010)
- R:R Ratio: ~1:0.81 (balanced and realistic for short-term trading).
3. **Aggressive Target:** **1.150**
- Profit: 0.140 (1.150 - 1.010)
- R:R Ratio: ~1:1.27 (good reward but riskier to achieve).
**Short-Term Strategy**
1. **Bullish Case:**
- If MANTA breaks **1.050**, hold towards **1.100** as a mid-term target.
- Consider trailing your stop-loss to breakeven or around **1.000**.
2. **Bearish Case:**
- If MANTA falls near **0.950**, monitor for support or consider closing early if momentum weakens.
3. **Volume Confirmation:**
- Watch for strong volume at **1.050** or **1.100** levels to gauge breakout strength.
Would you like a detailed daily or hourly price update on this?$MANTA