$MANTA

I am sharing it upon request.

As of January, it has doubled its monthly token unlocks, and since the market is already in a downward period, it has a bad reflection. There is a clear downward trend. Since the red stripe I marked above the price right now coincides with the intersection of two important Fibonacci levels, the downward angle has increased.

If it can break this declining trend resistance, a reaction bounce up to the levels of 0.33 and 0.42 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.

The bullish-bearish turning point started with the breakdown of the accumulation range above the upper red box. Therefore, serious increases should not be expected without seeing daily closings above 0.63.

In this case, I marked the levels on the chart where I expect intermediate reactions to continue in the downward trend.