MANTA is showing a potential bullish breakout from a descending channel that has been holding price down throughout October. The recent strong recovery and breakout attempt above the upper trendline indicate early signs of trend reversal and possible momentum shift to the upside.
Key Points:
-Price has broken the upper boundary of the descending channel after multiple rejections.
-Volume increase on breakout confirms buyer activity.
- Horizontal volume profile shows a strong liquidity base near $0.10 – $0.11, which could act as solid support.
- Short-term target zone lies between $0.18 – $0.20, aligning with the next major supply area.
- Ideal invalidation below $0.095.
Buy zone : Above $0.115
Stop loss : $0.095
Cheers
Hexa
MANTA 
MANTAUSDT
Key Points:
-Price has broken the upper boundary of the descending channel after multiple rejections.
-Volume increase on breakout confirms buyer activity.
- Horizontal volume profile shows a strong liquidity base near $0.10 – $0.11, which could act as solid support.
- Short-term target zone lies between $0.18 – $0.20, aligning with the next major supply area.
- Ideal invalidation below $0.095.
Buy zone : Above $0.115
Stop loss : $0.095
Cheers
Hexa
MANTA MANTAUSDT
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.