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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.