ðĨâ FTM pump: the whales traps last long traders
Hi friends! Fantom is making lower lows but the volumes are also falling lower. I marked it on the chart.
â This is not common thingand mean that there are no sellers at the market. Also the whales collect enough liquidity and don't let the price fall lower. FTM could make at least the local pump.
ð The preconditions to open a long:
ðĨ volume growth during the DUMP
ðĨ squeeze to the trendline
ðĨ bullish BTC
ðĐ Pay your attention to the first value area of $0.22-0.23. If we see the false breakout or test as the ressistance i recommend you to book at least 50% of profit. If I will see the sign of bull strength+DOM and Footprint wall orders to sell, I close 100% and open the short trade.
â The targets for FTM long. 3 value areas:
1. $0.22-0.23
2. $0.27-0.28
3. $0.34-0.36
ðĐBook 50-70% of profit when the price reach 2nd target.
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
â This is not common thingand mean that there are no sellers at the market. Also the whales collect enough liquidity and don't let the price fall lower. FTM could make at least the local pump.
ð The preconditions to open a long:
ðĨ volume growth during the DUMP
ðĨ squeeze to the trendline
ðĨ bullish BTC
ðĐ Pay your attention to the first value area of $0.22-0.23. If we see the false breakout or test as the ressistance i recommend you to book at least 50% of profit. If I will see the sign of bull strength+DOM and Footprint wall orders to sell, I close 100% and open the short trade.
â The targets for FTM long. 3 value areas:
1. $0.22-0.23
2. $0.27-0.28
3. $0.34-0.36
ðĐBook 50-70% of profit when the price reach 2nd target.
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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TG channel with all updates t.me/+ICrmLIneDmRiYjIy
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TG channel with all updates t.me/+ICrmLIneDmRiYjIy
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