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HNT/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 27.453, 27.712, 28.342.

Key Support Levels: 25.675, 25.069, 25.000.

1-Hr Chart:

The price on the higher time frame posted a bullish engulfing pattern near the strong support (25.735 USDT). This led to find buyers near this zone and reversing the price to the upside where we could see the coin reaching the 27.453 USDT mark.

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

5 Mins Chart:

On the lower time frame, the coin posted a fakeout which led to a reversal and the buyers took control of the market. Higher highs has been posted and now the market is ranging above the bespoke support. A lower correction could be seen to this area before a new bullish impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 25.695

TP 1 @ 27.453

TP 2 @ 27.712

Stop Loss @ 24.836

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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