FTM - Near long term support/resistance

10 במרץ 2021

I haven't been posting in a while because the altcoin market has been very shaky with this volatile Bitcoin movement. That being said, it is time to buy on the satoshi dip - I see an interesting opportunity on FTM/BTC that is high risk, high reward. Right now it is sitting above a major support/resistance level that has been playing over the past month on the 1D chart. In addition, the MACD looks like it is flipping to a bullish crossover soon and the coin is oversold (like most other altcoins right now). Because we are near such a crucial support level, I am entering this with a tight stop loss.

Entry: 852-860 sats
Stop Loss: 830 sats
Targets: 900 - 1,000 - 1,100 sats