BAL/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 27.988, 29.006, 29.500.
Key Support Levels: 26.647, 26.282, 26.000.
The price on the higher time frame failed to break the support level around the 26.728 USDT mark by leaving a huge bullish bodied bar. This could lead to a reversal and an end of the pullback where a new impulsive bullish wave could be posted.
BAL/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the price is traded inside a bullish flag formation where it found buyers around the 78.60 % Fibonacci retracement level. A lower correction could be seen before a new impulsive toward the target profits.
Buy Limit Order @ 26.647
TP 1 @ 27.988
TP 2 @ 29.006
Stop Loss @ 25.983
Trade Safely 🙂