FTM – Purple War Zone!FTM is overall bearish trading inside our brown channel

Binance Academy: "How to Add Fantom to MetaMask?"

However, it is currently approaching the lower brown trendline.

FTM Chart

The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.0 - 1.2) and lower brown trendline. (acting as non-horizontal support)

As per my trading style:

I will be looking for bullish reversal setups on lower timeframes(like a double bottom pattern, trendline break , and so on...)

Unless FTM breaks the blue zone downward aggressively with many big bearish candles.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Binance Academy: "How to Add Fantom to MetaMask?"

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
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- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
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