$MANTA

/USDT Technical Analysis and Trade Signal🚀🎯

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.

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