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NKN/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 0.39097, 0.40864, 0.42674.

Key Support Levels: 0.36056, 0.33479, 0.32465.

1-Hr Time Frame:

The price on the higher time frame was in a clear uptrend where a series higher highs and lows has been posted. The market succeeded to break a strong resistance at 0.36000 USDT mark where a correction has been posted. We expect now a further movement to the upside in the coming hours.

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

15-Mins Time Frame:

On the lower time frame, the price is traded inside a bullish flag formation which has a bias to be break it to the upside. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 0.36374

TP 1 @ 0.38991

TP 2 @ 0.40864

Stop Loss @ 0.35072

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

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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