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50% Bounce Off Lows, Recovery Soon?
Hello traders, today I’d like to discuss my analysis on FTMUSDT.
FTM’s price recently fell from 2.15 to 1.86. Since then it has recovered 50% from its February 2nd low. Should price turn support near this range, we anticipate a move towards the Supply Zone (2.07-2.10)
FTM has bottomed and broken out of the consolidation phase with that resistance line breakout.
So be ready!!!!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏
FTM’s price recently fell from 2.15 to 1.86. Since then it has recovered 50% from its February 2nd low. Should price turn support near this range, we anticipate a move towards the Supply Zone (2.07-2.10)
FTM has bottomed and broken out of the consolidation phase with that resistance line breakout.
So be ready!!!!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏
Trade fermée: cible de profit atteinte
Pulled back to Demand Zone for a nice pop off of support. Target reached.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.