Mantle (MNT) Price Analysis: Bullish Move Expected

MNT SMC HTF Analysis: Bullish Momentum Emerging

Overview of #Mantle Price Action

The price action of #Mantle (MNT) has showcased significant bullish signals on the higher time frame (HTF), as it recently captured sell-side liquidity (SSL) and tapped into a monthly fair value gap (FVG). Following this, the market exhibited a clear market structure shift (MSS), confirmed by a strong volume candle that captured buy-side liquidity (BSL). This sequence indicates a potential directional shift in favor of buyers. Moreover, the formation of a bullish fair value gap supports the current bullish outlook.

Key Observations

1. Liquidity Capture & Market Structure Shift

• The price action successfully cleared sell-side liquidity, a key liquidity zone where weak hands are shaken out.
• The market structure shift, combined with the capture of buy-side liquidity, underscores the transition towards bullish dominance.

2. Bullish Fair Value Gap Formation

• A bullish FVG has emerged, providing a potential demand zone for price retracements. This further reinforces the likelihood of an upward trajectory in the coming sessions.

Potential Scenarios

1. Direct Rally to $1.51192

• In the first scenario, the price could maintain its current momentum and proceed directly to target the $1.51192 level, a significant zone of buy-side liquidity. This scenario assumes the bullish fair value gap remains untapped as the price surges towards this key resistance.

2. Retracement to Fair Value Gap Before Continuing Upward

• Alternatively, the price could pull back to the identified bullish FVG at $0.66000, forming a healthy retracement and base for the next bullish leg. This retracement would provide an opportunity for further accumulation before the rally continues.

Trading Strategy

– Entry Points: Long positions can be initiated at the current price levels. Additionally, traders should consider adding to their positions upon retracements to the $0.66000 FVG level.

– Position Management: Those already holding long positions are advised to maintain them, as the price is expected to continue its bullish rally, targeting all-time highs (ATH).

– Key Levels to Watch:

1. Immediate Target: $1.51192 (Buy-Side Liquidity)

2. Support Zone: $0.66000 (Bullish Fair Value Gap)

Conclusion

The current market structure and liquidity dynamics suggest that #Mantle is poised for a bullish continuation. With multiple confluences aligning, including the market structure shift, liquidity capture, and the formation of a bullish FVG, the price outlook remains positive. Both short-term traders and long-term investors can leverage the ongoing momentum to capitalize on potential gains.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research before making trading decisions.

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