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ALICE/USDT (Futures) Potential Upward Movement

ALICE/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 15.699, 16.657, 17.327

Key Support Levels: 14.191, 13.394, 12.608.

1-Hr Chart:

The price on the higher time frame posted a correction count near the strong support level around the 14.08 USDT mark where a fake breakout has been left. This lead to a further movement to the upside toward the next key resistance level in the same direction of the main trend.

ALICE/USDT (Futures) Medium-Term Trend: Bullish

15-Mins Chart:

On the lower time frame, the price is traded inside a bullish flag formation where a lower correction could be seen to the area of confluence made of the 61.80 % Fibonacci retracement level and the bespoke support plus the lower end of flag pattern. This could lead to a move to the upside toward the mentioned target profits.

Signal Idea:

Buy Limit Order @ 14.065

TP 1 @ 15.699

TP 2 @ 16.657

Stop Loss @ 13.346

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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