🔥 FTM Bullish Channel: Ideal Reversal Point
A couple of days ago I made an analysis on FTM. Here I argued that a bullish break out from the ascending wedge was likely to happen.
The first target from the previous analysis has been reached. However, we faced some strong selling pressure around the $2.45 area, which made the price reverse strongly twice.
Another pattern has appeared on the FTM chart, a bullish channel. Assuming the price will follow this channel in the coming days, I'm expecting more bearish pressure for FTM. Ideal area to make a reversal trade would be around the channel's support area, potentially around the $3 area if the price drops quickly. Target for the trade would be $3.45.
Happy trading!
The first target from the previous analysis has been reached. However, we faced some strong selling pressure around the $2.45 area, which made the price reverse strongly twice.
Another pattern has appeared on the FTM chart, a bullish channel. Assuming the price will follow this channel in the coming days, I'm expecting more bearish pressure for FTM. Ideal area to make a reversal trade would be around the channel's support area, potentially around the $3 area if the price drops quickly. Target for the trade would be $3.45.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.