Setup Note $MANTRA : Testing Support Area on Binance Spot
This morning’s market screening places $MANTRA in the accumulation watch. The current price is at $0.0047, retesting the price floor at $0.0047 - $0.0050.
Daily chart characteristics:
The drop toward support occurs with relatively low trading volume compared to the volume of the previous expansion. In a Wyckoff reading, this reflects a decrease in active sell pressure in the spot market.
The risk boundary is set at $0.0045 to anticipate a support failure. The staged distribution target (TP1) is set at $0.0056, producing an estimated risk-to-reward ratio of about 2.0:1.
The position is executed gradually in the spot market without leverage.
$MANTRA #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Not an invitation to buy or sell crypto assets (DYOR). Independent technical structure analysis and risk management.
This morning’s market screening places $MANTRA in the accumulation watch. The current price is at $0.0047, retesting the price floor at $0.0047 - $0.0050.
Daily chart characteristics:
The drop toward support occurs with relatively low trading volume compared to the volume of the previous expansion. In a Wyckoff reading, this reflects a decrease in active sell pressure in the spot market.
The risk boundary is set at $0.0045 to anticipate a support failure. The staged distribution target (TP1) is set at $0.0056, producing an estimated risk-to-reward ratio of about 2.0:1.
The position is executed gradually in the spot market without leverage.
$MANTRA #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Not an invitation to buy or sell crypto assets (DYOR). Independent technical structure analysis and risk management.