MNTUSDT SPOTLong
MNT/USDT Trading Plan – February 2025
Current Market Overview:
Price: $1.19
Resistance: $1.32
Support: $1.10
Indicators:
RSI: 53.74 (Neutral, with room for upside)
EMA (8): $1.14 (Bullish crossover)
Volume: Increasing, indicating accumulation
Trade Setup:
📈 Entry: $1.20 - $1.25 (Breakout confirmation above key resistance)
📊 Take Profit Targets:
TP1: $2.00 (+65%)
TP2: $3.00 (+150%)
🔻 Stop Loss: $1.08 (Close below support to minimize risk)
Technical Justification:
Bullish Pennant Pattern: Breakout expected if volume increases
Trend Confirmation: Above $1.32 = strong rally potential
Momentum Shift: RSI above 53 suggests growing buying pressure
Recent News & Fundamentals:
Massive Growth: November 2024 rally saw +74% gains in 5 days
Investor Confidence: Active addresses & network growth at 3-month highs
Market Sentiment: Bitcoin's rally fuels altcoin interest
Risk Management:
Position size 1-3% of portfolio
Adjust stop-loss dynamically as price moves toward targets
🚀 Conclusion:
With a breakout above $1.32, MNT has strong potential for a sustained bullish move. Investors should monitor volume and confirm breakout before entering. This setup offers a high-reward opportunity with a favorable risk-to-reward ratio.
📌 Stay updated & adjust accordingly.
Price: $1.19
Resistance: $1.32
Support: $1.10
Indicators:
RSI: 53.74 (Neutral, with room for upside)
EMA (8): $1.14 (Bullish crossover)
Volume: Increasing, indicating accumulation
Trade Setup:
📈 Entry: $1.20 - $1.25 (Breakout confirmation above key resistance)
📊 Take Profit Targets:
TP1: $2.00 (+65%)
TP2: $3.00 (+150%)
🔻 Stop Loss: $1.08 (Close below support to minimize risk)
Technical Justification:
Bullish Pennant Pattern: Breakout expected if volume increases
Trend Confirmation: Above $1.32 = strong rally potential
Momentum Shift: RSI above 53 suggests growing buying pressure
Recent News & Fundamentals:
Massive Growth: November 2024 rally saw +74% gains in 5 days
Investor Confidence: Active addresses & network growth at 3-month highs
Market Sentiment: Bitcoin's rally fuels altcoin interest
Risk Management:
Position size 1-3% of portfolio
Adjust stop-loss dynamically as price moves toward targets
🚀 Conclusion:
With a breakout above $1.32, MNT has strong potential for a sustained bullish move. Investors should monitor volume and confirm breakout before entering. This setup offers a high-reward opportunity with a favorable risk-to-reward ratio.
📌 Stay updated & adjust accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.