Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference)
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
Comment:
22/02/2022 - PRICE HIT OUR TAKE PROFIT OF A RISK REWARD OF 2/1