Short

Fantom (FTM): Time To Sell?

169
Fantom is back at the branch of EMAs where historically we have been getting rejected.

We see it as a good chance for another rejection to happen so keep an eye on both of the EMAs, as it might be a good zone to short and DCA the position!

Swallow Team
Note
snapshot
Fantom is still trading near 100 EMA while not showing us any clear signs of breakout from here.

As long as we are in this uncertainty near the EMA, we are going to look for a rejection to happen, as sellers still dominate near this zone (but we keep an eye on the 200 EMA as well).
Note
snapshot
Fantom is slowly approaching the end of our DCA zone, which is 200 EMA.

We are keeping a close eye on it for a potential rejection to happen near this zone!
Note
snapshot
Fantom did nothing like we needed and price had a 22% market price movement in the opposite direction.

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