1. MANTA has seen a significant increase since its launch. Although it has strong support from large platforms, the short-term high price has overdrawn its higher valuation. If it wants to continue to move upward, it needs greater capital inflows. From a fundamental perspective, as the previous hype has subsided, it may currently be in a staged top area.
2. Looking at its 60-minute K-line, we can clearly see that it is currently in a long period of high-level oscillation and has revealed a downward pattern. The long negative line pointed by the arrow is a dangerous signal and should be taken seriously. 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 transactions, but contracts need to fully consider the risks brought by leverage and the rapid sell-off of short positions, or even spikes.
4. Overall, the current situation is no longer about chasing highs, and long contracts need to be especially cautious.
