MANTA 1D. Accumulation Ends. 12/02/24

2024年12月1日

Previously, the price spent considerable time in an accumulation phase. After finding a bottom at $0.583, an upward trend began to form.

Currently, the price is testing a resistance level, attempting to break through and consolidate, which could indicate a continuation of the uptrend. Although unsuccessful so far, it seems to be only a matter of time. In the short term, a slight pullback is expected, followed by, in my opinion, continued growth.

Entry Plan (EP): $1.05 - $0.95
Take Profit (TP):

$1.535
$1.869
$2.222
Stop Loss (SL): $0.747

For spot positions: no stop-loss recommended.

DYOR.

2024年12月13日

註釋

At the moment, the price is squeezed between support and resistance levels. Support is at $0.953, while resistance is at $1.353. During the recent correction, the $0.850 support level held strong, signaling bullish sentiment among buyers. I expect the growth to continue.

We might revisit the support level again, but in your position, I wouldn’t wait for the perfect entry point. Chasing the ideal entry can result in missing it altogether. Always use multiple limit orders, evenly distributing your intended investment.

My targets:

$1.868
$2.618
$3.369

DYOR.