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 🐂
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.