MNT/USDT Trading Plan – February 2025
2025-01-31
Category: None

Current Market Overview:
Price: $1.19
Resistance: $1.32
Support: $1.10
Indicators:
RSI: 53.74 (Neutral, with room for upside)
EMA (8): $1.14 (Bullish crossover)
Volume: Increasing, indicating accumulation
Trade Setup:
📈 Entry: $1.20 - $1.25 (Breakout confirmation above key resistance)

📊 Take Profit Targets:

TP1: $2.00 (+65%)
TP2: $3.00 (+150%)
🔻 Stop Loss: $1.08 (Close below support to minimize risk)

Technical Justification:
Bullish Pennant Pattern: Breakout expected if volume increases
Trend Confirmation: Above $1.32 = strong rally potential
Momentum Shift: RSI above 53 suggests growing buying pressure
Recent News & Fundamentals:
Massive Growth: November 2024 rally saw +74% gains in 5 days
Investor Confidence: Active addresses & network growth at 3-month highs
Market Sentiment: Bitcoin's rally fuels altcoin interest
Risk Management:
Position size 1-3% of portfolio
Adjust stop-loss dynamically as price moves toward targets
🚀 Conclusion:
With a breakout above $1.32, MNT has strong potential for a sustained bullish move. Investors should monitor volume and confirm breakout before entering. This setup offers a high-reward opportunity with a favorable risk-to-reward ratio.

📌 Stay updated & adjust accordingly.