롱

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

The_Alchemist_Trader_

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 ⚔️

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

The_Alchemist_Trader_