🔥 FTM Has Formed A Potential Bottom

19 ביולי 2022

A couple of weeks ago I made an analysis on FTM where I argued that FTM has likely forming a bottom. As of today, the first target has been reached, congratulations if you took the trade.

With FTM breaking through the $0.315 resistance, the path lies open for further gains. $0.415 should be attainable fairly soon if the current trend persists. $0.5 is a more longer-term oriented target.

Be mindful that the RSI is currently severely overbought, so we might see a bearish correction in the near-term.