Hello Traders,
Here’s an update on MNT using the weekly timeframe.
MNT is currently in a downtrend and approaching a potential accumulation range. We’ve seen MNT rebound from this specific range in the past, and if it follows a similar pattern, it could present a good opportunity.
Bullish Scenario: A rebound from $0.50 to $0.60
Bearish Scenario: A breakdown below the accumulation range
Strategy:
~ Entry: $0.50 to Current Market Price (CMP)
~ Invalidation: A breakdown and close below the entry range
~ Target: $1 – $1.5
~ Holding Period: Q3
Note: Always do your own research and analysis before investing.
Regards,
Dexter
Here’s an update on MNT using the weekly timeframe.
MNT is currently in a downtrend and approaching a potential accumulation range. We’ve seen MNT rebound from this specific range in the past, and if it follows a similar pattern, it could present a good opportunity.
Bullish Scenario: A rebound from $0.50 to $0.60
Bearish Scenario: A breakdown below the accumulation range
Strategy:
~ Entry: $0.50 to Current Market Price (CMP)
~ Invalidation: A breakdown and close below the entry range
~ Target: $1 – $1.5
~ Holding Period: Q3
Note: Always do your own research and analysis before investing.
Regards,
Dexter
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.