Long
๐๐ FTM Spot Trade Setup! ๐๐
๐ Analysis:
Support & Oversold: FTM is currently at a support level, with medium timeframes showing oversold conditions, indicating a potential rebound.
Bullish Sentiment: Anticipating a bounce in the altcoin market, with FTM showing promising signs.
๐ Trade Plan:
Entry: Consider laddering into a long spot position in the $0.80 - $0.86 support area.
Take Profit: Target profits at $1.00 - $1.04 or aim higher towards $1.14 - $1.23.
Stop Loss: Set stop loss just below $0.77 to manage risk effectively.
๐ก Note: Stay vigilant for price confirmation and adjust strategy accordingly as market conditions evolve. ๐๐ฐ #FTM #SpotTrade ๐๐
Support & Oversold: FTM is currently at a support level, with medium timeframes showing oversold conditions, indicating a potential rebound.
Bullish Sentiment: Anticipating a bounce in the altcoin market, with FTM showing promising signs.
๐ Trade Plan:
Entry: Consider laddering into a long spot position in the $0.80 - $0.86 support area.
Take Profit: Target profits at $1.00 - $1.04 or aim higher towards $1.14 - $1.23.
Stop Loss: Set stop loss just below $0.77 to manage risk effectively.
๐ก Note: Stay vigilant for price confirmation and adjust strategy accordingly as market conditions evolve. ๐๐ฐ #FTM #SpotTrade ๐๐
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.