without_worries

ForTube (FOR) - Falling wedge

Long
BINANCE:FORUSDT   FOR / TetherUS
On the above 10 day chart price action has corrected 86% since late 2021. A number of reasons now exist for a long position.

1) Price action and RSI resistance breakouts.

2) Support on past resistance confirms.

3) The falling wedge breakout forecasts a 100% near term move.

4) GRM support confirmed.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe for action: yesterday
Return: 100%
Trade active

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.