MANTA/USDT
#MANTA
MANTA chart on D1 timeframe, currently the price is trading around 0.215 USDT, close to the lower boundary of the accumulation triangle that has been lasting since May. Yesterday's D1 candle closed green looking 'quite reliable'.
The contracting triangle pattern is gradually reaching its endpoint, there is a high possibility of a breakout in the near future.
Entry zone in the range: 0.206 – 0.215 USDT.
Target: 0.247 - 0.276 - 0.335 - 0.408
Stoploss: 0.18 (spot) - 0.1945 (future)
This is a sensitive phase as the price is testing the trendline; if selling pressure is strong, it may fall back to the support zone.