MANTA/USDT - Swing Position

Date: 09/12/24

Name: MANTA/USDT

Market cap
375.57M
7.89%
Volume (24h)
99.38M
3.67%
FDV
976.78M
Vol/Mkt Cap (24h)
26.66%
Total supply
1B MANTA
Max. supply
--
Circulating supply
384.5M MANTA





Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Trending.
2) Current phase: Break of structure, and continuing the uptrend
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- Relatively new project for this bull cycle, Great fundamentals, overall uptrend since launch. Quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance as its support and key level on Daily Time frame

Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.95 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation – $0.55

Trade Plans:
BUY CMP: $1.2
DCA: CMP – $0.55

Invalidation: 0.55

Trend Based Fibionacci Targets:

Target 1: $2.51
Target 2: $ 3.72
Target 3: $ 4.47
Target 4: $ 5.68

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **