DEFI/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 14201.6, 15784.7, 16643.2.
Key Support Levels: 11650.3, 10147.9, 10000.0.
The price on the higher time frame posted a higher lows with a form of a double bottom formation which led to a move higher and above the 11650.30 USDT mark. Further movement to the upside is expected in the same direction of the main trend.
DEFI/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the Wyckoff accumulation phase to the upside where a series of bullish bars has been posted. A lower correction could be seen to the highlighted zone before a new move upward toward the target profit.
Buy Limit Order @ 12577.5
TP 1 @ 13828.2
TP 2 @ 14201.6
Stop Loss @ 12045.6
Trade Safely 🙂