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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

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