$MANTA trend analysis on January 31st
1. MANTA has increased a lot since its launch. Although there is strong support from the large platform, the short-term high price has overdrawn the higher valuation. If you want to continue to rise, you need greater capital inflow. From a fundamental point of view, with the As the early hype subsides, it may now be in a periodic top area.
2. Let’s look at his 60-minute K-line again. We can clearly see that it is currently in a high level for a long time and has revealed a downward pattern. The long negative line pointed by the arrow is a dangerous signal. To Attention has been drawn to the fact that there is a support level below near 3.29. Once this support is effectively broken, the decline may accelerate and spread.
3. There may still be time to consider stop loss for spot prices, but contracts need to fully consider the risks brought by leverage and the rapid decline of short positions, or even insertion of pins.
4. Generally speaking, it is no longer necessary to chase high prices, and you need to be especially cautious with long contracts.
