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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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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 ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.