FTMUSDT Daily S/R| .618 Fibonacci| Price Action| Trend
Evening Traders,
Today’s analysis – FTMUSDT – trading towards a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
- Daily S/R Objective
- Low Volume
- Trend
FTMUSDT’s immediate price action is impulsive and is trading towards a key location that has technical confluence with the .618 Fibonacci and the Local OB, allowing for a bullish bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, FTMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
Today’s analysis – FTMUSDT – trading towards a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
- Daily S/R Objective
- Low Volume
- Trend
FTMUSDT’s immediate price action is impulsive and is trading towards a key location that has technical confluence with the .618 Fibonacci and the Local OB, allowing for a bullish bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, FTMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas