If fantom succeeds in confirming the breakout of this rising wedge pattern, we will see a continuation in price.
How does this confirmation work? After retesting the upper band of this rising wedge and finding support, a new ATH would confirm this continuation.
However if fantom does not succeed, and drops back inside of the rising wedge, it is more likely this was a bull trap and a blow off top.
Buying these trades is very risky and is not recommended. This rally is currently getting fueled by retail fomo and is very volatile.
A good buy opportunity is the bottom of the rising wedge and previous ATH. Around 800 sats, as indicated on the chart with a green box.
These are only ideas, trade at your own risk!
Good luck everyone! GG fantom
How does this confirmation work? After retesting the upper band of this rising wedge and finding support, a new ATH would confirm this continuation.
However if fantom does not succeed, and drops back inside of the rising wedge, it is more likely this was a bull trap and a blow off top.
Buying these trades is very risky and is not recommended. This rally is currently getting fueled by retail fomo and is very volatile.
A good buy opportunity is the bottom of the rising wedge and previous ATH. Around 800 sats, as indicated on the chart with a green box.
These are only ideas, trade at your own risk!
Good luck everyone! GG fantom