BINANCE:HNTUSD was on a strong downtrend since the ATH. However, it looks like the bulls are trying to help $HNT reverse this trend.
It looks like the first area of resistance is around $26. If we can close above this level, the next resistance is around $32. It's highly likely that we will see a wick to $32 in the green area because of the profit-taking.
Closing in the red area would invalidate the trend reversal for now. It's a valid area to use as a stop loss and see if the $20 stays as a strong resistance before any new long position.
The market is bullish in general and bulls are on our side 🐂
It looks like the first area of resistance is around $26. If we can close above this level, the next resistance is around $32. It's highly likely that we will see a wick to $32 in the green area because of the profit-taking.
Closing in the red area would invalidate the trend reversal for now. It's a valid area to use as a stop loss and see if the $20 stays as a strong resistance before any new long position.
The market is bullish in general and bulls are on our side 🐂