MNT: Close to the Accumulation Range.

Hello Traders,

Here’s an update on MNT using the weekly timeframe.

MNT is currently in a downtrend and approaching a potential accumulation range. We’ve seen MNT rebound from this specific range in the past, and if it follows a similar pattern, it could present a good opportunity.

Bullish Scenario: A rebound from $0.50 to $0.60

Bearish Scenario: A breakdown below the accumulation range

Strategy:
~ Entry: $0.50 to Current Market Price (CMP)
~ Invalidation: A breakdown and close below the entry range
~ Target: $1 – $1.5
~ Holding Period: Q3

Note: Always do your own research and analysis before investing.

Regards,
Dexter