【$MANTA Signal】Long | Healthy Pullback After Short Squeeze Initiation

$MANTA After a single-day surge of 21.5%, it is consolidating at a high level just below a key resistance zone. This is a healthy reset after a short squeeze, not a top.

🎯 Direction: Long

🎯 Entry: 0.0775 - 0.0790

🛑 Stop Loss: 0.0745 ( Rigid stop loss, break below the previous 4H bullish candle low and EMA20 support )

🚀 Target 1: 0.0850

🚀 Target 2: 0.0890

Market Analysis: The price has strongly broken above and stabilized above EMA20 (0.0707), confirming a short-term trend reversal. The key drivers are a deeply negative funding rate (-0.0775%) combined with stable open interest (OI). This is a classic short squeeze structure, where forced short covering provides continuous buying pressure.

Core Logic: On the 4H timeframe, after the last large bullish candle with increased volume (buy/sell ratio 0.52), the price consolidates in a narrow range between 0.079-0.077 with decreasing volume. This indicates healthy profit-taking and rotation, not distribution. Although RSI (73.49) is high, in a short squeeze scenario, it is not an effective overbought signal.

Order book depth shows significant sell orders (Asks) stacked above 0.0797, forming short-term resistance. However, buy orders (Bids) around 0.0795 are substantial, indicating funds are supporting the price here. Strategy: wait for the price to retrace to the previous breakout zone (0.077-0.079) and show signs of buy absorption before entering, with a risk-reward ratio >2.

Trade 👇 $MANTA

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