MNT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is Mantle Network (MNT) on the daily timeframe. The system has just flipped short right under the 200MA, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again, ideally above the 200MA. Only then will we consider entering the market on the long side.
We can also see that the price has just broken below the 0.618 Fibonacci level (all-time). This indicates two important points:
1. The system signals that we should wait.
2. The price is below a key support zone, which adds to the caution.
Conclusion: We wait for two confirmations:
The system flipping long above the 200MA.
The price reclaiming the 0.618 Fibonacci level as support.
Patience is key, so we’ll revisit this chart tomorrow.
Stay safe!
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