Mana price seems to be reacting to the bottom of this ascending channel. Mapping out potential bullish scenario (based on historic price patterns) and also a bearish scenario if price breaks down.
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Looking at 2 scalp options for the bullish scenario.
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moving up
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Price has come back to bottom of ascending channel. Good entry got a swing long with stop below previous low.
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Also has confluence with descending channel midpoint
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.