TheSignalyst

FTM - Wait For The Trigger!

Long
BINANCE:FTMUSDT   Fantom / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

FTM is still sitting around strong weekly demand in blue so we will be looking for buy setups.

on H4: As per my last picture analysis, FTM formed a valid channel in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => We are still waiting for a momentum candle close above the last swing high (in gray) to buy.

Meanwhile, until the buy is activated, FTM would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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