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FIL/USDT (Futures) Potential Upward Movement

FIL/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 23.715, 26.047, 27.938.

Key Support Levels: 20.520, 19.110, 18.060.

Daily Time Frame:

The price on the higher time frame failed to break the strong resistance level around the 20.335 USDT mark with the help of an engulfing bullish pattern. The market posted an inside bar yesterday showing that the buyers are still in control of the market.

FIL/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trendline to the upside after a period of consolidation. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 20.998

TP 1 @ 23.749

TP 2 @ 26.047

Stop Loss @ 20.266

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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