$MANTA

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $1.18 (+12.83%)

Trend Momentum: Bullish (positive momentum with price near resistance zones).

Technical Indicators Analysis

1. Bollinger Bands (20, 2):

Price is near the Upper Band ($1.222), indicating upward pressure but nearing overbought conditions.

2. SAR (Stop and Reverse):

Current SAR: $1.226. A breakout above this level confirms further bullish momentum.

3. Volume:

Strong 24h trading volume supports sustained price action.

4. MACD (Momentum):

While MACD values aren’t provided, price and volume trends suggest increasing momentum.

5. Key Resistance & Support Levels:

Resistance: $1.226 (SAR), $1.227 (24h high).

Support: $1.146 (lower Bollinger Band), $1.184 (middle Bollinger Band).

Trade Setup and Signal

Trade Type: Bullish breakout trade.

Entry Point: Buy above $1.185 with confirmation if price sustains above this level or breaks $1.227.

Target Levels 🎯

1. Target 1 (Short-Term): $1.25 (psychological resistance).

2. Target 2 (Mid-Term): $1.31 (previous price peak or Fibonacci extension).

3. Target 3 (Long-Term): $1.40 (significant breakout zone or extended rally).

Stop Loss (Risk Management):

Set stop-loss at $1.14 (below the lower Bollinger Band and critical support).

Momentum Analysis

Momentum: Strong bullish momentum supported by price action and volume surge. Watch for sustained price action above SAR ($1.226) for confirmation.

Reversal Risk: If price falls below $1.184 (middle Bollinger Band), a pullback to $1.14–$1.15 is likely.

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