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Stuart_Crown

$MANTA is missing both sides of the key support and resistance area around $0.050 and $0.16, respectively.



Still, it can go lower, so we are taking short-selling as our advantage.

#GateStockInsightsChallenge #GateBTCSpotTradingRanks#2Globally
MANTA-3.25%
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GrayHodl
· 4h ago
With both support and resistance broken, stubbornly holding long positions is just giving money away. There’s nothing wrong with shorting in the direction of a bearish trend, but remember to keep your position size light.
Reply0
RugHunterGuild
· 4h ago
Bro, this analysis is very decisive. Neither 0.05 nor 0.16 held, so there’s indeed no bottom in sight in the short term. But be careful of a rebound wick when shorting—set your stop-loss and don’t get greedy.
Reply0
Orange-FlavoredColdWallet
· 4h ago
This coin’s liquidity is mediocre; after breaking down, it can easily drift lower or surge sharply. It’s fine to treat shorting as an advantage, but beware of the market maker reversing course and liquidating shorts. It’s recommended to enter in batches rather than go all-in.
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