Long
Long $FTM - Bullish
Overall market sentiment bullish, FTM however is a special one for long-term and short-term. I want to see the S/R flip zone hold, I do not want FTM to break through this level otherwise the bullish move would be invalidated. I am looking to take a long from around $2.60-$2.70 level, ideally if these levels hold I want to make this a long-term trade, targetting $3.50 and above. Short-term $3.13, long-term $5.
Note
Consolidation zone playing out well, hoping for a triple tap at the bottom of the consolidation zone, followed by a break of structure at $2.64. 2 levels I am looking at entering the long is shown.
Note
Compounded at $2.45, I think we will remain around this level across the weekend into a bloodier Sunday, but after that, then we’re ready to fly.
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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.