HNT/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 25.323, 27.175, 27.684.

Key Support Levels: 24.219, 23.430, 23.223.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out under the 24.342 USDT support level. An engulfing bullish pattern has been left where it closed above the bespoke support. A move higher is expected 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 Market Order @ 24.349

Target Profit 1 @ 25.323

Target Profit 2 @ 27.175

Stop Loss @ 23.379

Trade Safely 🙂