Hello traders this is a trade recomendation based on my previous trade recommendation linked below i recommend you checking out. Factom has progressed nicely in this parallel trend channel. The SMA100 is converging with the bottom of this trend channel leading me to expect the price to find resistance at the bottom of this channel. im watching for a reversal at the base of this channel. ill post back in the next day or so with buy targets but right now before placing order we just want to watch the price action and a confirmation and continuation of this channel.
Good luck and happy trading
Good luck and happy trading
Comment:
FCT has bounced off the resistence formed by the SMA100 and the bottom of the trend channel. one more solid candle and we will have signal that trend is reversed we can place buy orders at .0045 with stops at .0036
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