FTM ANALYSIS: PLAY THE DOWNWARD TREND
Updated
FTM ANALYSIS:
FTM is trending in a downward channel and has been bouncing off a clear trend line (except for 2 small fake outs). This is great opportunity to play the channel. Buy entry would be off the trend at 80-85 sats. The main target is to clear the recent top at T1 of 92 sats. Upon clearing that, FTM can break for T2 at 102 sats. T2 is positioned at the top of the channel. This is a Rea spot to watch. I expect rejection and would recommend to take 50% profit by this point. If FTM does manage to break the break look for a break to resistance at T3 of 118 sats!
Possible Entries: 80-85 sats
FTM is trending in a downward channel and has been bouncing off a clear trend line (except for 2 small fake outs). This is great opportunity to play the channel. Buy entry would be off the trend at 80-85 sats. The main target is to clear the recent top at T1 of 92 sats. Upon clearing that, FTM can break for T2 at 102 sats. T2 is positioned at the top of the channel. This is a Rea spot to watch. I expect rejection and would recommend to take 50% profit by this point. If FTM does manage to break the break look for a break to resistance at T3 of 118 sats!
Possible Entries: 80-85 sats
Trade closed: target reached
WIN! FTM/BTC Hit Target 1!
+8.24% Profit!
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