Largo
FTMUSDT Local S/R| Price Action| Swing High| Trend
Evening Traders,
Today’s analysis – FTMUSDT – trading above its local s/r that has technical confluence
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Dynamic S/R
- Low Volume
FTMUSDT’s immediate price action is trading above is local S/R that has technical confluence with the .618 Fibonacci, allowing for a bullish bias.
The immediate target is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent for the next expansion.
Overall, in my opinion, FTUST is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Today’s analysis – FTMUSDT – trading above its local s/r that has technical confluence
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Dynamic S/R
- Low Volume
FTMUSDT’s immediate price action is trading above is local S/R that has technical confluence with the .618 Fibonacci, allowing for a bullish bias.
The immediate target is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent for the next expansion.
Overall, in my opinion, FTUST is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.