๐ฅHi, friends! All altcoins make a pullback with BTC. It was so expected. FTM falls to the closest imbalance at $0.42-0.44 and now tries to recover.
I make the 2 trading plans for you, friends.
๐ MY TRADING PLANS FOR FTM:
1. I can expect the pullback to the area of $0.52-0.57 and return to this imbalance which becomes the support.
Here we will try to find the entry point to long again but with targets above $0.66 local highs.
2. FTM returns to the value area of $0.47-0.48 and test it as the resistance.
The price has to fall below the local lows to take more sl of the long traders and make a false breakout. There will be a time to open the longs.
โ
MY TARGETS FOR FTM:
๐ฅ $0.6 - the key level
๐ฅ $0.65- the key level and local highs
๐ฉTraders, what targets do you have for FTM? What is your favourite altcoin to trade? Write your thoughts in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.