FTM touched the $0.70 resistance line and pulled back shortly after. Support at $0.65.
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The market caught me slipping yesterday and I missed my $0.70 mark. I'm still playing the same resistance with a new support of $0.60. FTM should break resistance this coming week and play above the break. Sunday is bullish, and I can only see the chart climb tomorrow. The last green candlestick with an extended bottom wick is a good sign for a bull.
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I stand corrected. It's a bear Monday 9/23. A green candle formed at the beginning of the day, which will hopefully give way for a retest later this week. The last three red candle sticks definitely puts fear in the equation. I'm still playing support at $0.60.
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12hour chart.
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FTM has retested its price. The 4-hour, 8-hour, 12-hour, daily, and weekly charts are bullish. There was a lot of good buying volume today, which pushed for a new resistance. I'm playing support at $0.62.
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There has been sideways movement since the last break on 9/18. Strong retest with the price hitting the $0.70 resistance twice, with pullbacks on both occasions. The recent pullback currently sits higher than the previous, with the price leveling out around the $0.65 range. RSI/ROC indicator reads neutral momentum. The 20 and 200 moving average are following an uptrend momentum that looks Long. I'm sitting on my bags playing the same support.
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FTM is in a hard retest with slow momentum. 20 and 200 moving averages still hold strong for a long position. Honestly, it looks like a good buy-in before the next pump.
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