@MANTRA $MANTRA
TOKENIZATION CYCLE 🏦 📈 ⚖️ .
As much as I’m macro bullish on cycle continuation, this isn’t the place to blindly enter imo.
We’ve bounced 24% from the lows into a lot of resistance:
- local range high resistance (orange)
- previous local range high resistance (blue)
- the range low above us acting as resistance (black).
Waiting for
1) a reclaim of the lost range above
2) a sweep of the local lows (short-term altcoin longs)
3) or a base to form at the macro mid-range.
If we reclaim the lost range above us, I could see us sending towards the range highs. Patience.