As the price of MANTA approaches its all-time high, it is looking forward to the next major zone
Following its recent ascent to a new all-time high of $3.33 earlier today, the price of MANTA is now taking a little break. Even though it has retraced 4.10 percent, MANTA continues to be supported at the Fibonacci 0.236 level at $3.06412, which has allowed the rise to continue for the time being.
Both the hourly 20 exponential moving average (EMA) at $3.06144 and the hourly 50 EMA at $2.92883 are rising, which is a reflection of the bullish momentum. Following the rapid spike, the 100 exponential moving average (EMA) at $2.74766 is also rising, but at a slower speed, which indicates the possibility of consolidation.
MANTA has potential to continue climbing until it gains additional positive momentum, as shown by the RSI, which is now at 56.16. This suggests that the path of least resistance for MANTA continues to be upward, while the support level at FIB 0.236, which is located at $3.06, stays unchanged.
In the future, the next significant resistance zone for MANTA is located between $3.26257 and $3.33079, which is the same price range that the all-time high is now trading in. In order to restart the upward trend, a decisive break above this region is required.
The crucial Fibonacci 0.236 support level, which is located around $3.06412, continues to be important. MANTA will continue to maintain its positive trend so long as it continues to trade above this level. A failure below the $3.06 support level might result in a more severe correction towards the hourly 20 exponential moving average, which is located close to $3.06.
For the time being, MANTA continues to be in an upward trend while taking a break above the important Fibonacci support level. As long as the price remains around $3.06, the bulls will continue to maintain their dominance. There is a requirement for a breakthrough over the $3.33 resistance level in order to validate the subsequent upward move in MANTA.
New Listing of MANTA on Binance MANTA is now top gainer on Binance MANTA is currently trading at $3.3USDT MANTA tagged as Layer1 / Layer 2 / Gainer MANTA is 30% up in 24hrs 24hrs low : 2.5 24hrs high : 3.3 #MANTA
✍️✍️🛑🛑 Everything in market is not because of news 🛑🛑✍️✍️ #BTC Yes you heard it right if you will listen to youtube channels they will always say Bitcoin is going down because of this news that news 🛑🛑🛑🛑 No a big no 🛑🛑🛑 market pays more attention to support and resistance but youtubers always say its the news which is the root cause of market crash
whenever something goes up then after some time professionals have to take some profit because if they wont take profits their stop loss or trailing stop will be very far away
so they have to take some profits that causes the price to go down a little bit
right now Bitcoin tried to test the breakout point but bulls bought strongly thats a sign of strong bulls whenever that happens just take the Fibonacci and drag it to the bottom of trend and you will get your minimum target
support and resistance are more important than news
in very few cases news is the only reason but that happens very rare most of the time support and resistance is the main reason
breakout point is always always a magnet that pulls the price towards it
aggressive bulls will buy here taking a chance that it will test the prior high they have excellent risk to reward
🛑🛑
but excellent risk to reward always comes with low probability
value traders will wait for a bull follow through bar
and then they will buy
i will also wait for a bull follow through bar before buying more
if you got liquidated in the last 24 hours read this for future reminder
When you are in the future trading, you either have short term positions or long term positions.
if your long term position got liquidated then most likely your position was in profit then you missed the opportunity to take profit. your regret for missed opportunity clouds your judgement! you missed the opportunity to cut your loss as well as results!
to fix these bad habits, you need to make a concrete trading plan, take profit when it hits target and cut loss when it hits stop loss. don't be afraid of missed opportunity as in crypto there is plenty of opportunity.
if your short term position gets liquidated then you probably take too much risk, you need to be more patient. Manage your risk. Greed usually ends in grief.
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To my beloved future millionaires... Let's Talk about the coins that U should hold before the Bull Run Starts and how to pick the right coins for our portfolio ✔
1 Gaming Crypto
Gaming currencies are in my opinion most likely to give those juicy profits. Before entering the Bull Run your portfolio must have a Gaming related currency, I'll give examples but you should do your homework to pick what you think is the best: $XAI $GALA SSAND SMANA
2 Memes
Who doesn't love memes, even if you hate memes you should be holding a minimum of 1 or 2 coins. They have the highest potential: $SHIB $DOGE SPEPE $SNEK SCOO $BONK
3 Top 10 Boring Alts
A love hate Scenario with those boring Alts that won't even move. Don't get confused these top 10 ALTs explode and when they do, there is no turning back. Examples $XRP $CRO SAVAX $LINK SADA and many more