FieryTrading

🔥 MANA Bullish Channel Holding - Barely

BINANCE:MANAUSDT   Decentraland / TetherUS
Since bottoming in late January, MANA has been one of the strongest tokens, seeing over +100% returns in the mean time.

This massive move has been made whilst trading inside a bullish channel. Since yesterday's bad CPI news, MANA has been hugging the lower bound of the channel. At this point we can either reverse for minor upside, or fall through the channel and find support at a recent area of support.

I'm waiting for either a strong bullish candle, or a bearish one bringing us outside of the channel.

Targets placed at recent highs and lows.

Happy trading!

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