DENT/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 0.007703, 0.008871, 0.009754.
Key Support Levels: 0.006699, 0.006114, 0.004870.
The price on the higher time frame found support around the 0.006114 USDT mark where it posted a bullish engulfing pattern. This led to a reversal and a move higher in the same direction of the main trend.
DENT/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the accumulation phase to the upside where the coin retraced to the higher end of this channel. Further movement to the upside is expected but we prefer to execute a buy limit order near the support level.
Buy Limit Order @ 0.007193
TP 1 @ 0.007680
TP 2 @ 0.008871
Stop Loss @ 0.006983
Trade Safely 🙂