Long
FTM | PLAY THE BOUnCE
Since making the top in Jan 2022, Fantom is under the shadow of Bears. However there is a particular catch in the Bearish rally i.e. we can see that every Bounce FTM played to make a LH, it retraced up to 50% at least at all the previous 3 occasions. Bulls gave it Back to Bears after reaching the 0.5 fiB level. So we can expect from Fantom a price tag of One Dollar at least in case if Bulls again take the charge now and take it up to 0.5%. On the way to 1$ they will definitely face the resistance at 0.51 & 0.8. So far the Bounce is good going. Lets see. . .
Manage the risk & trade the Bounce.
Manage the risk & trade the Bounce.
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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.