MANTA has broken out of its long-term downtrend and is now trading within a clear rising parallel channel on the 4H chart.
Structure:
Downtrend broken
Higher highs and higher lows forming
Price respecting channel boundaries
Setup:
Entry: 0.225 (wait for retest)
Stop Loss: 0.2075
Target 1: 0.259
Target 2: 0.2995
Target 3: 0.347
Support: 0.225 / 0.2075
Resistance: 0.259 / 0.2995
Wait for the retest before entering. Risk-reward is attractive if the structure holds.
DYOR. Not financial advice.
Structure:
Downtrend broken
Higher highs and higher lows forming
Price respecting channel boundaries
Setup:
Entry: 0.225 (wait for retest)
Stop Loss: 0.2075
Target 1: 0.259
Target 2: 0.2995
Target 3: 0.347
Support: 0.225 / 0.2075
Resistance: 0.259 / 0.2995
Wait for the retest before entering. Risk-reward is attractive if the structure holds.
DYOR. Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.