karthiksai
Long

Potential for reversal of downtrend

BINANCE:FTMBTC   Fantom / Bitcoin
FTM is forming a double bottom pattern with decent volume . If more volume comes to confirm, this could be the reversal of its downtrend. Also the recent fundamentals(weiss ratings review, token swap bridge with binance chain) of the coin are in sync with the double bottom pattern. Targets to look out for if the setup is invalidated are mentioned in the chart. RSI is clean.
- Also look out for triple bottom reversal
Trade closed manually: I forgot to update this post. Closed the trade at 235 sats itself as the volume was not following through
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