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BADGER/USDTPERP Potential Downward Movement

BADGER/USDTPERP Long-Term Trend: Bearish

Key Resistance Levels: 22.690, 26.170, 30.880.

Key Support Levels: 19.515, 15.275, 15.000.

Daily Chart:

The price on the higher time frame failed to break the 30.880 USDT mark which led to a reversal and a fake breakout. The coin succeeded to break the 22.690 USD mark and most probably it will continue to the downside to the next support around the 19.515 USDT.

BADGER/USDTPERP Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the price is traded inside a bearish channel formation where the price posted a correction count to the higher end of this channel. We expect further movement to the downside in the same direction of the main trend.

Signal Idea:

Sell Limit Order @ 21.490

TP 1 @ 19.545

TP 2 @ 15.275

Stop Loss @ 22.275

Trade Safely 🙂

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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