there isn't space anymore for FTM within this large wedge. If the wedge will work well current point of the price will be optimal point for long trade. Risk is very low and stop level is just under the lower boundary of wedge. Profit opportunity is on the chart.
Hope you're right. There's a bull div on the daily and virtually every lower time frame. Volume definitely picking up as well. High risk though, as this is essentially trying to catch a falling knife. Place SL accordingly. Hopefully a healthy bounce soon.
kronjx
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@ninjacookies, thanks for your comment, I think so. Volume started to rise and wedge is still working well too. I wait it as long as the price keep its position
Briick
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how is it going?
Briick
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I think the risk is very high considering there is little to no progress in the project and everyone's realizing this is a scam
kronjx
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@Briick, thanks for comment. It might be true however it is trading not investing. Any coin can rise up independently from their project's value. Think this analyse for short term. Thanks again
Briick
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@kronjx, Even for short term i wouldn't touch this scam. I unstaked my bag when i read their roadmap, waiting for my funds to get release so i can dump this shit