BEL/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 2.8094, 2.8765, 2.9000.
Key Support Levels: 2.6341, 2.5527, 2.5500.
The price on the higher time frame succeeded to break the key resistance level (now support) around the 2.8094 USDT mark with the help of an engulfing bullish pattern near the support. This shows that the market is clearly controlled by the buyers where further movement to the upside could be seen in the coming hours.
BEL/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the bulls manage to break the bullish flag pattern to the upside and now the price traded above the key resistance area in a small range. The market found more bulls around the new support zone which could lead to further upward movement. Before this move a lower correction could be seen to the new support.
Buy Limit Order @ 2.6428
TP 1 @ 2.8014
TP 2 @ 2.8765
Stop Loss @ 2.5646
Trade Safely 🙂