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BAL/USDT (Futures) Potential Upward Movement

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.

Daily Chart:

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

1-Hr Chart:

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.

Signal Idea:

Buy Limit Order @ 26.647

TP 1 @ 27.988

TP 2 @ 29.006

Stop Loss @ 25.983

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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