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In this analysis, I want to review the MNT coin for you. One of the most well-known Ethereum Layer 2 projects, with a market cap of $5.03 billion, ranked 26th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour chart, after an upward trend, this coin reached 2.7104 and has now entered a corrective and bearish phase.
✨ There is a very important support zone around 1.5. The price has reacted to it once, formed a lower high, and is now back on support.
💥 The RSI oscillator is near the Oversell area. Breaking 24.99 will push the RSI into Oversell.
✔️ For short positions, we can enter on a break of this range. However, since the higher timeframe trend is bullish, we should also consider confirmation from volume, RSI, and Bitcoin.
🔍 For long positions, we need to wait until the market structure creates a proper trigger for a long. Currently, the main confirmation for bullishness is a break of 2.2406.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the MNT coin for you. One of the most well-known Ethereum Layer 2 projects, with a market cap of $5.03 billion, ranked 26th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour chart, after an upward trend, this coin reached 2.7104 and has now entered a corrective and bearish phase.
✨ There is a very important support zone around 1.5. The price has reacted to it once, formed a lower high, and is now back on support.
💥 The RSI oscillator is near the Oversell area. Breaking 24.99 will push the RSI into Oversell.
✔️ For short positions, we can enter on a break of this range. However, since the higher timeframe trend is bullish, we should also consider confirmation from volume, RSI, and Bitcoin.
🔍 For long positions, we need to wait until the market structure creates a proper trigger for a long. Currently, the main confirmation for bullishness is a break of 2.2406.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.