شراء
After a -90% Dump, MANTRA(OM) Finds Support!!!
Today, I want to analyze the MANTRA($BINANCE:OMUSDT) project for you, which fell by more than -90% on April 13.
What is MANTRA(OM)?
MANTRA (OM) is a DeFi + RWA (Real World Assets) focused project aiming to bring real-world assets like real estate and bonds on-chain. Built with the Cosmos SDK, it’s developing a purpose-built layer-1 chain to facilitate tokenization and institutional adoption of RWAs.
The main crash reasons:
Massive forced liquidations on exchanges
90% of the token supply reportedly held in a single wallet
Rumors of a rug pull (which the team denied)
Team Response:
MANTRA’s team has launched an internal investigation
Plans for buybacks and token burns are underway
They reassured the community that team tokens remain locked and untouched
-----------------------------------
Technical Analysis:
Now let's take a look at the MANTRA(OM) chart on the 1-hour timeframe.
After the fall on April 13, MANTRA(OM) reacted to the Heavy Support zone($0.45-$0.20) and started to rise again (upward correction).
From the perspective of Elliott Wave theory, MANTRA(OM)'s big fall can be considered as a main wave 3, and it seems that MANTRA(OM) is completing a main wave 4. The main wave 4 could be a Double Three Correction(WXY). Since the momentum of the main wave 3 was high, there is a possibility that main wave 5 will be a Truncated type.
I expect MANTRA(OM) to start rising from the Potential Reversal Zone(PRZ)[$0.59-$0.50] and rise to at least $0.76(+30%)(First Target) and then attack the Resistance zone($1.10-$0.84)(Second Target(+60%)).
Do you think the MANTRA(OM) project can return to its good days?
Note: If the MANTRA(OM) falls below $0.500(Round Number), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
MANTRA Analyze (OMUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
What is MANTRA(OM)?
MANTRA (OM) is a DeFi + RWA (Real World Assets) focused project aiming to bring real-world assets like real estate and bonds on-chain. Built with the Cosmos SDK, it’s developing a purpose-built layer-1 chain to facilitate tokenization and institutional adoption of RWAs.
The main crash reasons:
Massive forced liquidations on exchanges
90% of the token supply reportedly held in a single wallet
Rumors of a rug pull (which the team denied)
Team Response:
MANTRA’s team has launched an internal investigation
Plans for buybacks and token burns are underway
They reassured the community that team tokens remain locked and untouched
-----------------------------------
Technical Analysis:
Now let's take a look at the MANTRA(OM) chart on the 1-hour timeframe.
After the fall on April 13, MANTRA(OM) reacted to the Heavy Support zone($0.45-$0.20) and started to rise again (upward correction).
From the perspective of Elliott Wave theory, MANTRA(OM)'s big fall can be considered as a main wave 3, and it seems that MANTRA(OM) is completing a main wave 4. The main wave 4 could be a Double Three Correction(WXY). Since the momentum of the main wave 3 was high, there is a possibility that main wave 5 will be a Truncated type.
I expect MANTRA(OM) to start rising from the Potential Reversal Zone(PRZ)[$0.59-$0.50] and rise to at least $0.76(+30%)(First Target) and then attack the Resistance zone($1.10-$0.84)(Second Target(+60%)).
Do you think the MANTRA(OM) project can return to its good days?
Note: If the MANTRA(OM) falls below $0.500(Round Number), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
MANTRA Analyze (OMUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
تم فتح الصفقة
Position was activated near the Potential Reversal Zone(PRZ)[$0.59-$0.50].
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🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.