Technical analysis by PROFITPULSE10X about Symbol MNT: Buy recommendation (1/31/2025)

Current Market Overview:Price: $1.19Resistance: $1.32Support: $1.10Indicators:RSI: 53.74 (Neutral, with room for upside)EMA (8): $1.14 (Bullish crossover)Volume: Increasing, indicating accumulationTrade Setup:📈 Entry: $1.20 - $1.25 (Breakout confirmation above key resistance)📊 Take Profit Targets:TP1: $2.00 (+65%)TP2: $3.00 (+150%)🔻 Stop Loss: $1.08 (Close below support to minimize risk)Technical Justification:Bullish Pennant Pattern: Breakout expected if volume increasesTrend Confirmation: Above $1.32 = strong rally potentialMomentum Shift: RSI above 53 suggests growing buying pressureRecent News & Fundamentals:Massive Growth: November 2024 rally saw +74% gains in 5 daysInvestor Confidence: Active addresses & network growth at 3-month highsMarket Sentiment: Bitcoin's rally fuels altcoin interestRisk Management:Position size 1-3% of portfolioAdjust stop-loss dynamically as price moves toward targets🚀 Conclusion:With a breakout above $1.32, MNT has strong potential for a sustained bullish move. Investors should monitor volume and confirm breakout before entering. This setup offers a high-reward opportunity with a favorable risk-to-reward ratio.📌 Stay updated & adjust accordingly.