FANTOM SNIPER ENTRIES 1. Trend Identification:
Start by identifying the prevailing trend. In the case of FTM on the 4H timeframe, observe the formation of a steep ascending trendline.
2. Accumulation of Liquidity:
Recognize areas where significant liquidity is accumulating. FTM's steep ascending trend indicates areas where traders and institutions are actively participating and contributing to liquidity.
3. Wait for Breakout:
Exercise patience and wait for a breakout above the ascending trendline. This breakout signifies increased bullish momentum and potential upward movement.
4. Confirming Breakout:
Confirm the breakout by observing candlestick patterns, volume spikes, or other technical indicators. A strong breakout should be accompanied by convincing confirmation signals.
5. Retest Strategy:
Opt for a retest strategy. Once the ascending trendline is breached, wait for a retracement or retest of the trendline from below. This retracement serves as a potential entry point.
6. Advanced Entry Points:
For more advanced entry points, consider waiting for a retest of a breaker block or order block below the trendline. These blocks often act as additional layers of support and can enhance the probability of a successful trade.
7. Risk Management:
Implement effective risk management strategies. Set stop-loss orders below crucial support levels to limit potential losses in case the trade doesn't unfold as anticipated.
8. Continuous Monitoring:
Stay vigilant and continuously monitor the market. Cryptocurrency markets can be dynamic, so adapt your strategy based on evolving market conditions.
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