In my previous FTM analysis I made a case for a potential bearish break-out of FTM, since the pattern drawn is a bearish triangle.
In the end, the entry order didn't trigger because FTM showed bullish price action after the strong climb of BTC yesterday. Instead of breaking out on the bottom, it appears that FTM is in the starting phase of a new bull-run.
I've placed my entry at 0.45, just above the previous swing high. Take profit targets are placed at previous important areas of resistance.
๐ก ENTRY: 0.45
๐ด STOP-LOSS: 0.4
๐ต TARGET 1: 0.54
๐ต TARGET 2: 0.6
Happy trading!
In the end, the entry order didn't trigger because FTM showed bullish price action after the strong climb of BTC yesterday. Instead of breaking out on the bottom, it appears that FTM is in the starting phase of a new bull-run.
I've placed my entry at 0.45, just above the previous swing high. Take profit targets are placed at previous important areas of resistance.
๐ก ENTRY: 0.45
๐ด STOP-LOSS: 0.4
๐ต TARGET 1: 0.54
๐ต TARGET 2: 0.6
Happy trading!
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