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mohammad_mbn
Oct 31, 2021 10:53 AM

Double top on FTM Short

Fantom / TetherUSBinance

Description

In 4H time frame you can see double top pattern that breaks neck line and you can see ED(exaggerated divergence) between price and RSI This show us that price can go down to about 2.23
Comments
lexlinx
invalidated
gom3zone
@lexlinx, are you sure? What's your opinion?
lexlinx
@gom3zone, it already diped with 1 red candle to 2.50, and bounced, looks like new support area, 2.20 can happen if btc crashes, and that double top are two attempts to break resistance, it will try again soon. Thats only my opinion! and its relevant only for long holders! If you day trade..its risky business:)
wahabfadi
Those are in profit they should sell all or wait for 4$?
VPutin
@wahabfadi, you have to sell everything.
mohammad_mbn
@wahabfadi I think it's better to buy after the pattern complete on 2.22 or 2.23
nisansalagim
@mohammad_mbn, my liquidation is 2.16..plz tell me ftm will down 2.16
wahabfadi
@mohammad_mbn i first bought on 2.09 and sold it on 2.6 today. Now if u say buy after 2.22 so yeah I’ll sure
mohammad_mbn
@wahabfadi the best that you can do
mohammad_mbn
@nisansalagim I think it's high probability that price goes down to 2.23 maybe one bar has a long shadow to 2.16 I don't know nobody knows so it's better to close your trade
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