HNT/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 25.924, 27.519, 28.602.
Key Support Levels: 24.402, 23.526, 22.982.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out where the bears has been trapped. The market retraced to the support area where it left a hammer bar with a long wick to the upside. This could lead to a move higher in the coming hours.
HNT/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 24.683
TP 1 @ 25.924
TP 2 @ 27.519
Stop Loss @ 23.439
Trade Safely 🙂