📊 FTM is so weak! Let`s make a profit on short

19 août 2022

Hi friends! Today BTC fall for 6% that push the price of altcoin lower also.
As you can see on the chart, the FTM can make some pullback after reaching the support area of $0.23-0.29. The target to pullback will be another value area which become the resistance. It`s the $0.335-0.37 value area.

At the pullback we have to pay atention to the volumes. Also this scenario will be usefull for someone who use DOM and Footprint. When the FTM reach this value area, we can identify the price levels where the big players sell crypto. Using this information we can also open a short trades with short stop loss above the big players sell orders.

📊 Preconditions to open a short:
1. pullback to the $0.33-0.37 value area
2. volume growth which confirm the sellers presure to push the price lower
3. BIG sell orders on DOM and Footprint. The whales open their shorts to make money on the dump
4. bearish BTC

🔥Target is the $0.23-0.27 value area. There is the potential reversal point to long or the price continue it`s fall to new lows! So stay tuned to not miss the updates.

💻Friends, press the "like"👍 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.