Long
FTMUSDT
Hello Dear friends
On the 4-hour timeframe, we have a negative channelization movement, and on the other hand, the price is currently very compressed and is in a fixed range.
Considering the maintenance of the yellow range ($0.2157), there is a high probability of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments
On the 4-hour timeframe, we have a negative channelization movement, and on the other hand, the price is currently very compressed and is in a fixed range.
Considering the maintenance of the yellow range ($0.2157), there is a high probability of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments
Trade active
The yellow range ($0.2157) has been completely consumed, but we still maintain our mentality for the formation of an upward trend.To confirm the upward trend, the price movement should be above the range of $0.24 and the price should leave the downward channel.
Trade closed: stop reached
The same penetration that happened with Shdo into the yellow area destroyed the validity of the bullish view
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Disclaimer
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.