$MANTRA Bias: Short
Entry Zone: 0.01930 – 0.01945 (after confirmed breakdown below 0.01954 with a 5-minute close and volume spike)
Entry Type: Confirmation
Stop Loss: 0.01975 (above the recent 24h low and minor consolidation)
Take Profit 1: 0.01845 (nearest psychological support, offers 1:2.5 risk-to-reward)
Take Profit 2: 0.01700 (major HTF level visible on higher timeframe)
Risk-to-Reward: 1:2.5 (to TP1) / 1:6.4 (to TP2)
Confluence & Confirmation:
· Higher Timeframe Bias: Bearish – price is in a clear downtrend from ~0.025 to current lows, making lower highs and lower lows.
· 1H Structure: Price trades below all major EMAs (50, 100, 200), which are aligned bearishly (EMA50 < EMA100 < EMA200).
· Momentum: RSI below 50 (35–42), confirming bearish momentum.
· Volume: A volume spike on the breakdown is required for confirmation.
· Open Interest: OI has been increasing as price drops (from 421M to 452M), indicating short buildup – a bearish signal.
· Long/Short Ratio: Shorts dominate at ~59%, providing fuel for continuation as new shorts enter (OI ↑). No contradiction.
Confidence Score: 8/10 – High probability if volume confirms the breakdown. If volume is absent, the trade is invalid.
#SolvProtocolHacked #MarketRebound