FTMUSDT.P - 4H Ichimoku levels

BYBIT:FTMUSDT.P   FTMUSDT Perpetual Contract
Here we trade FTMUSDT.P using 4H Ichimoku support/resistance levels.

Note: this is not a high probability trade, so we enter with relatively low volume and place our stop close to our entries. If markets run against us, we'll take a comfortable loss and not suffer too much.

What do we see?

In our opinion, FTM did not yet reach its target: the orange zone indicated on the chart. This zone would be our price range to look for a short entry.

Since we did not yet reach our target, we are willing to play the long. Key to this descission is the slight increase in momentum on the last high formed, RSI(14) made a higher high compared to the latest RSI high. Had we not seen this increase in momentum, although very small, this trade would not have been on our list.

Once again, prices might just as well go down further. Meaning we will get stopped out. But since we don't take crazy risks here, we're comfortable with a potential loss. In that case we'll just set an alert and trade the zone at a later time.

Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea consider giving it a boost. Happy trading!
Trade active:
Buy entry 1 and 2 filled, these are our profit targets.


That's all for today, orders are in place, off to bed 😉 Happy trading and bye for now!


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