Manta Network/Tether
Long
Updated

MANTA

this is a gamble, but it's worth the shot
if the support that just got formed with a double bottom marks a real local bottom
then we could have a nice rally on MANTA

it is still a gamble as it just got listed and there's not a lot of price action to do analysis

so that's a very early analysis but we'll see how it goes

educational purpose only
nfa
Note
just understand that if it doesn't go above resistance and doesn't do a bullish consolidation above then the p.a is still bearish and could fall and make new lows
Trade active
Price almost reached fvg , I take partial profit
Trade closed manually
Price reached fvg as predicted on but then failed to rally so it created higher Lows instead
Structure looks bearish for now

If price bounced on support then I'd would be more interesting for bulls but for now, bears could be winning

Disclaimer