MANTRA's price continues to grind lower under a full stack of declining EMAs, with no real signs of a reversal yet — the downtrend remains in control.
$MANTRA – SHORT Trade Plan
Entry: 0.00530 – 0.00545
SL: 0.00570
TP1: 0.00505
TP2: 0.00490
TP3: 0.00470
Why this setup?
All four EMAs are sloping down and acting as dynamic resistance above price.
RSI at 40.6 / 41.4 is still only mildly weak, leaving room for further downside before extreme oversold conditions.
Structure shows consistent lower highs and lower lows; the recent consolidation looks like a pause inside the broader decline.
Risk is defined above the EMA100 zone, while downside targets the recent lows and an extension.
Debate: Will the market finally produce a relief bounce from these levels, or does the slow bleed continue lower?
Haz click/tap aquí para operar👇
#SmartSignalsQ
$MANTRA – SHORT Trade Plan
Entry: 0.00530 – 0.00545
SL: 0.00570
TP1: 0.00505
TP2: 0.00490
TP3: 0.00470
Why this setup?
All four EMAs are sloping down and acting as dynamic resistance above price.
RSI at 40.6 / 41.4 is still only mildly weak, leaving room for further downside before extreme oversold conditions.
Structure shows consistent lower highs and lower lows; the recent consolidation looks like a pause inside the broader decline.
Risk is defined above the EMA100 zone, while downside targets the recent lows and an extension.
Debate: Will the market finally produce a relief bounce from these levels, or does the slow bleed continue lower?
Haz click/tap aquí para operar👇
#SmartSignalsQ