#MANTA/USDT Trade Setup, 600% Spot Long potential!Manta Breakout Alert!
Manta is trading at a long-term resistance of $0.72, and I’m anticipating a breakout.
While there’s a slim chance of a retest around $0.60 in the coming days, once we see a confirmed breakout and a successful retest, the potential upside could take us to $4.
Trade Setup:
• Entry Range: $0.576 - $0.725
• Targets: $1.04, $1.518, $2.267, and $4.05
• Stop Loss: $0.48
• Risk-Reward Ratio: A highly attractive 1:36
I plan to make $100k with a margin of $10k at 5x leverage on this trade!
I am already positioned and will keep you updated on this.
Let me know your thoughts in the comments! If you find this analysis valuable, hit that like button.
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Thank you, and peace!
MANTAUSD
#MANTA , $MANTA , MANTAUSDT, MANTAUSD#MANTA ...... is in a very nice entry point and near stop loss to get high profit
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BINANCE:MANTAUSDT
#MANTA/USDT#MANTA
The price is moving within a descending channel pattern on the 12-hour frame and is expected to break upwards
We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.600
We have a trend to stabilize above the moving average 100 which supports the rise
Entry price 0.650
First target 0.85
Second target 1.00
Third target 1.17
#MANTA/USDT#MANTA
The price is moving within a bullish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.300
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 0.3300
The first target is 0.3752
The second target is 0.4050
The third target is 0.4400
MANTA looks bearishFrom where we placed the red arrow on the chart, the MANTA correction has started.
The pattern seems to be a diametric and we are now at the end of wave E.
It is expected that the corrective phase of MANTA will continue.
The two vertical lines on the chart are the approximate time of completion of wave E of the diametric
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANTA target $30+12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation structure.
Next, the target is very easy to estimate when you know how to refer to mc in bull market. Current mc of MANTA is around $445 million, and the total supply is $1 billion, the reasonable mc that MANTA, as a key of layer 2 sector, could reach is definitely over $30 billion, which would bring MANTA up to $30 or even higher if layer 2 got attention in future.
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Bull target: $30+
#MANTA\USDT#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third goal is 3.48
MANTA target 41h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP: 4 / 5.6
SL: 2.47
MANTA ANALYSIS (4H)It is fluctuating within a range.
Due to the sweep of low liquidity pools and higher L's and consumption of supply, it is expected to reject upwards from the POI range.
Only if it pullback to the POI range, we will look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You