$MANTRA 5.6x Volume Flush — Liquidity Sweep or Breakdown?
My bias is bullish on $MANTRA 1H. The sharp -2.6% move into 0.00407, backed by 5.6x volume, looks more like a liquidity sweep of the previous low than clean distribution. I’m not interested in chasing shorts directly into that wick.
However, this is a counter-trend long against the bearish daily structure and BTC tape, so confirmation is essential. I want to see a 1H reclaim above 0.00420 followed by bullish confirmation before taking the trade.
Long Setup: Entry Zone: 0.00409–0.00414 after confirmation TP1: 0.00443 TP2: 0.00455 TP3: 0.00497 TP4: 0.00533
A bullish engulfing candle or lower-timeframe market structure shift would strengthen the setup.
Invalidation: 1H close below 0.00407.
If 0.00407 holds, $MANTRA could be setting up for a relief rally toward the higher liquidity zones. Patience and confirmation remain key.
#MANTRA #CryptoTrading #TechnicalAnalysis #Altcoins #Binance
My bias is bullish on $MANTRA 1H. The sharp -2.6% move into 0.00407, backed by 5.6x volume, looks more like a liquidity sweep of the previous low than clean distribution. I’m not interested in chasing shorts directly into that wick.
However, this is a counter-trend long against the bearish daily structure and BTC tape, so confirmation is essential. I want to see a 1H reclaim above 0.00420 followed by bullish confirmation before taking the trade.
Long Setup: Entry Zone: 0.00409–0.00414 after confirmation TP1: 0.00443 TP2: 0.00455 TP3: 0.00497 TP4: 0.00533
A bullish engulfing candle or lower-timeframe market structure shift would strengthen the setup.
Invalidation: 1H close below 0.00407.
If 0.00407 holds, $MANTRA could be setting up for a relief rally toward the higher liquidity zones. Patience and confirmation remain key.
#MANTRA #CryptoTrading #TechnicalAnalysis #Altcoins #Binance