$MANTA $MANTA

$MANTA /USDT Trade Analysis

Current Price: $0.61

Resistance Levels:

R1: $0.621 – the recent 24-hour high; expect some selling pressure here.

R2: $0.627 (MA(25)) – medium-term resistance, key for upward trend continuation.

R3: $0.688 – a higher resistance level to target if momentum continues.

Support Levels:

S1: $0.599 (MA(7)) – near-term support, important to maintain current price strength.

S2: $0.567 – strong support from the recent low, should help cushion downside risk.

Trade Strategy

Entry: $0.605 – aiming to enter around the S1 support.

Target 1: $0.621 for a conservative target if price tests recent high.

Target 2: $0.627 for an extended target aligned with MA(25).

Stop-Loss: $0.555, slightly below S2 to manage downside risk.

This trade focuses on capturing gains within the $0.621 to $0.627 range, with close monitoring for any breakout above these levels. Adjust stop-loss closer to entry after Target 1 for profit protection.

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