DENT/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 0.007703, 0.008871, 0.008900.
Key Support Levels: 0.005696, 0.004870, 0.004800.
The price on the higher time frame failed to break a strong support level around the 0.005696 USDT mark and posted a bullish engulfing pattern plus a double bottom pattern which led to a reversal and a move higher. We expect further movement to the upside in the coming hours.
DENT/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the descending channel formation to the upside with the help of a double bottom formation. We expect a lower correction to the highlighted zone before a new impulsive wave toward the target profit.
Buy Limit Order @ 0.006564
TP 1 @ 0.007619
TP 2 @ 0.008871
Stop Loss @ 0.006263
Trade Safely 🙂