Downloading...
Download

Ftmshort

FTM Short SetupFTM has breached its main support level on the daily chart, turning this former support into resistance. The price is currently in the designated blue zone, signaling a potential entry point for short positions. Investors are advised to implement strict risk management strategies, including placing stop-loss orders just above the blue zone to limit potential losses. Additionally, the market is facing negative fundamental pressures due to ongoing geopolitical tensions, which could exacerbate the downward trend. Exercise caution and monitor market conditions closely.
FShort
by Lamassu_Trade
FTM → Fantom Aims for Resistance Zone! Should We Short Here?FTM came into contact with the Daily 200EMA support after three pushes down, a pullback from the $0.57 high. The price bounced off of the 200EMA and is in now what appears to be a second leg up toward the high. Should we prepare to enter a short? How do we trade this? 🤔 We need this bull pattern to play out and give us a reversal signal before we entertain a short. I believe Bitcoin has some more time in the coming days and even weeks to potentially top out and reverse hard to the downside. That gives the altcoin market some time to either go sideways or find some momentum toward the upside. ETH is showing us that momentum now. Wait for another push or two toward the $0.57 high, wait for a double top reversal signal, then enter a short position with a stop loss placed above the Resistance Zone. An entry around $0.51 gives us enough room for a 1:2 Risk/Reward trade since the second take profit will be in the Daily 200EMA support area at $0.35. Close out the first half of your position at 1:1 Risk/Reward and move the stop loss up to the entry price, this locks in profits and allows the second half of the trade to be executed without the fear of loss. This, being a counter-trend trade in a bull market, comes with a lower probability of profit, which is why half of our position ought to be a scalp. The conditions listed must be met for this trade to work. I will also add that longing here is not recommended with the crypto market burning as hot as it is for as long as it has been. We're due for a hard pullback of at least 30-50% before we see new all-time highs for Bitcoin. I stand firm on that warning, given the distance we've traveled since the $15,000 low; the probability falls the longer we march upward. 💡 Trade Idea 💡 Short Entry: $0.51 🟥 Stop Loss: $0.59 ✅ Take Profit #1: $0.43 ✅ Take Profit #2: $0.35 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Found Support at the Daily 200EMA after a three-legged pullback from the $0.57 high 2. Two legs up in a new bull pattern 3. Looking for a third leg up followed by a double-top reversal signal 4. RSI at 57.00 and at the moving average. Room to move up before a fall. 5. Wait for these conditions to be met then aim for a 1:2 Risk/Reward short. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
FShort
by TraderEngineering
FTM → Is Fantom Gearing Up For a Short Scalp Opportunity? Yes.FTM broke out of its bull trend, failed to break above the Daily 30EMA and fell back down to $0.375. With Bitcoin and the rest of the crypto market following suit, are we ready to short? How do we trade this? 🤔 Since my last FTM analysis, I provided this updated chart depicting what I believed was a likely outcome of the price action. A pullback from the downward momentum to the Daily 30EMA followed by a failure to break it: FTM has begun to test the 30EMA and we have several data points that suggest a counter-trend trade is reasonable (probable); FTM has given us two legs down since breaking the bull trend, failed to break above the Daily 30EMA, RSI at 44.00 and below the moving average which gives FTM some room to fall. If you're not already in a short, then we need to wait for another confirmation before a trade is justified. What we need is a final test and failure to break the Daily 30EMA around the price area of $0.40. From there, we can short half of our position to the low of the current candle ($0.375), take profits, move our stop loss up to our entry price, and then swing the rest of the position down to the Daily 200EMA support at $0.325. Taking profits at the 200EMA is about a 1:1 Risk/Reward if our stop is placed just above the previous leg high at $0.445. That is a reasonable scalp, and the rest, being a bit lower probability of success, allows us to swing the second half of our position without the worry of losing money. We have to keep in mind that we're two legs into a micro bear trend after a three-legged bull run, this could be a two-leg trap. That's why we need confirmation below the Daily 30EMA to justify a short. 💡 Trade Idea 💡 Short Entry: $0.4175 🟥 Stop Loss: $0.4600 ✅ Take Profit #1: $0.3750 ✅ Take Profit #2: $0.3325 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two legs down since breaking the bull trend 2. Failed to break above the Daily 30EMA 3. 9th Daily Candle Just Closed Below 30EMA 4. RSI at 44.00 and below the moving average which gives FTM some room to fall. 5. Bitcoin Showing Strong Reversal Signals, Impacts Market Sentiment. 💰 Trading Tip 💰 It's reasonable to take half profits at the first support target in a short trade, or the first resistance target in a long trade. You can then move your stop loss up to your entry price and watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
FShort
by TraderEngineering
3
FTM → Fantom Above to Rush Downward Toward $0.29!? Let's Answer.Fantom has pulled back from its $0.46 high and closing the gap to the 30EMA. Are we about to fall through the EMA ribbons back down in the $0.20-$0.30 range? How do we trade this? 🤔 Fantom is still in the bull channel, but has a few datapoints working against it. First, there have been three pushes up in the bull channel, a typical number of legs in a trend before the risk of trend change can become greater than the continuation. We also have an RSI at 57.00 and below the Moving Average, a weak indicator on its own, but supports the idea of a pullback or trend change. The final piece to the puzzle is a retest of the $0.40 area after a fall to the Daily 30EMA. A strong bear candle closing on or near its low should give us enough probability to take a 1:1.5 short playing the reversal. Until then, we should wait on the sidelines for more price action to confirm! 💡 Trade Ideas 💡 Short Entry: $0.400 🟥 Stop Loss: $0.470 ✅ Take Profit: $0.295 ⚖️ Risk/Reward Ratio: 1:1.5 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Potential to Change Trend. 3. Gap from 30EMA and 200EMA Support. 4. RSI at 57.00 and below Moving Average, Bias to Short. 5. Watch for Bitcoin Trend Change at $46,000. 💰 Trading Tip 💰 The RSI is a weak indicator on its own. Coupled with price action analysis, it often complete the picture necessary to make a trade decision. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
FShort
by TraderEngineering
15
FTM → Blast Off to $0.40!? Or Rejected to $0.20? Let's Answer.Fantom continues its bullish blast bouncing hard off of the 4HR 200EMA ribbon and then the 30EMA. We're now closing in on Resistance Zone #1 and need to know what the next trade move will be. How do we trade this? 🤔 We're too close to the resistance zone to long and we don't yet have any indication that the price will reverse. Best to wait on the sidelines until 1 of 2 outcomes unfold: 1. Rejection at Resistance #1: Strong bear signal and confirmation bars closing on or near their lows. Short scalp a 1:1 with half of your position then swing the to 1:2. You could also swing until you see a reversal bar to the upside. 2. Breakout of Resistance #1: Wait for Resistance #1 to be broken and tested as support. Long that support and sell half your position at a 1:1 Risk/Reward Ratio then the rest at 1:3 or if the price fails at Resistance #2. 💡 Trade Ideas 💡 Long Entry: $0.355 🟥 Stop Loss: $0.345 ✅ Take Profit #1: $0.365 ✅ Take Profit #2: $0.385 ⚖️ Risk/Reward Ratio: 1:3 Short Entry: $0.335 🟥 Stop Loss: $0.344 ✅ Take Profit #1: $0.326 ✅ Take Profit #2: $0.317 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bullish Macro Trend, Bias to Long! 2. Strong Support at 200EMA, Bias to Long. 3. Coming up on Resistance Zone #1, Wait to Enter. 4. If Rejected at Resistance #1, Short Scalp. 5. If Break Resistance #1, Long Support. 6. RSI at 63.00 and above Moving Average, Bias to Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
FLong
by TraderEngineering
2
FTM/USDT 4H Interval - Targets and ResistanceHello everyone, let's take a look at the 4H FTM to USDT chart as you can see the price is moving in the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 0.2305 T2 - $ 0.2350 T3 - $ 0.2394 T4 - $ 0.2456 and T5 - $ 0.2539 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.2231 SL2 - $ 0.2175 SL3 - $ 0.2129 and SL4 - $ 0.2084 Looking at the CHOP indicator, we can see that in the 4H range the energy is slowly starting to rise, while the MACD indicator confirms the local downward trend.
FShort
by cryptodailyuk
Luna Vs Fantom (why FUSD is not a good idea)hello everyone, over the last few weeks we have seen a crypto by the name of LUNA collapse, why? here's why and why fantom could follow LUNA Luna first started crashing when its algorithmic stable coin UST lost its peg to the US dollar. how did it lose its peg? here's why: there was massive withdrawals from Anchor ( a terra based decentralized protocol that offers high yields. it is believed that this was a attack on the system that made UST and Luna collapse (death spiral) now that we got that out of the way we have to look at the similarities between LUNA and FTM: basics: both coins are POS (this system uses validators that have a large portion of coins staked) both have algorithmic stable coins (different from USDT that is backed by the US dollar) FUSD and UST are backed up by different things, like LUNA and FTM TA: looking at LUNA and FTM you can see that they have similarities, from the start: LUNA: FTM: LUNA: FTM: LUNA: FTM: LUNA: FTM: LUNA: FTM: i think that FTM is following the same path as LUNA, if this is the case the estimated top is around June 26th, 2023 at a price of $6 (thats how long it took for LUNA to go from stage 3 bottom to stage 4 top)
F
by r2d22010
2
FTM has a correction and is back in the support areaHello everyone, let's take a look at the FTM to USDT chart on the 1H interval. As you can see, the price is moving in the triangle marked with the blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.3772, if the support breaks down, the next ones are $ 0.3478 and $ 0.3247 and $ 0.2847. Now let's move from the resistance line as you can see the first resistance is $ 0.4256, if you can break it the next resistance will be $ 0.4740 and $ 0.5349 and $ 0.6148. Looking at the CHOP indicator, we can see that in the 1H interval we have exhausted energy.
FShort
by cryptodailyuk
FTM has a lot of energy in the 1D interval.Hello everyone, let's take a look at the 1D FTM to USDT Chart. As you can see, the price has dropped below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.28, if the support breaks down, the next ones are $ 1.17 and $ 1.04. Now let's move from the resistance line as you can see the first resistance is $ 1.44, if you can break it the next resistance will be $ 1.56 and $ 1.68. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1D interval, you should be especially careful because we may have a lot of traffic in the near future.
F
by cryptodailyuk
1
FTM/USDT 1HOUR UPDATE BY CRYPTOSANDERS Welcome to this quick FTM /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-FTM /USDT Ascending triangle pattern create an upside trend line break after retest and by the green zone Entry:-$1.74, $1.78 Traget:- 30% to 35% Stop loss:-$1.71 with leverage 5x to 10x Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section. Thank you.
FLong
by CryptoSanders9563
FTM CORRECTION INCOMINGFTM has seen a lot of growth the past few months, however it is due for a correction. Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave, should we get that same retracement, FTM will be on a discount price at just below $1 Coupled with the bearish Divergence it seems just about right to me. Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility. Hope this helps.
FShort
by RektMyMom
27