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BADGER/USDTPERP Potential Upward Movement

BADGER/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 30.880, 38.310. 38.350.

Key Support Levels: 22.755, 15.290, 15,200.

Daily Chart:

The price on the higher time frame the price bounced on a strong daily support around the 22.755 USDT mark and reversed to move higher. It posted a bullish engulfing pattern showing that the buyers are in control of the market.

BADGER/USDTPERP Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the price succeeded to break the bearish channel formation with the help of a double bottom formation. The price is posting a correction count around the highlighted where we expect next a bullish wave toward the target profit.

Signal Idea:

Buy Limit Order @ 25.725

TP 1 @ 29.730

TP 2 @ 30.880

Stop Loss @ 24.400

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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