Updated
FTM accumulation scenario
FTM has very well performed recent weeks.
Prices are at weekly resistance. On lower time-frame (4H), a double-top pattern was formed and the neckline was broken.
In my opinion, we would open a Short (as in chart) and/or specially wait for prices to fall around $0.55-$0.65 to accumulate FTM for a long-term investment (targeting $3 and above).
It's important to keep in mind that Short is risky in general and particularly in the context where the interest for FTM may still continue.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
Here is the weekly view for long-term investmentNote
Adjust SL to entryNote
+8% from entry. TP1 at $0.9Trade closed manually
Break-even. I'm still waiting for buying FTM at yellow area, if it comes there.
Trade active
I start to accumulate FTM as plannedNote
FTM had touched the BUY AREA for a second time and is bouncing.My Target is $3.3
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.
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.