BAL/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 24.263, 28.422, 29.000.
Key Support Levels: 22.286, 18.884, 18.800.
The price on the higher time frame found support around the 18.884 USDT mark where the market reversed and moved higher and managed to break the daily resistance (now support) around the 22.286 USDT level. This could lead to a further move to the upside toward the target profit which is the 24.263 USDT mark.
BAL/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the coin managed to break the bullish flag formation to the upside after finding bulls around the 50% Fibonacci retracement level. A lower correction could be seen to the support around the 22.286 USDT before a new move upward toward the target profit.
Buy Limit Order @ 22.350
TP 1 @ 24.215
TP 2 @ 28.422
Stop Loss @ 21.416
Trade Safely 🙂