Fantom(FTM) is creating a symmetrical triangle and although history tells us that the likelihood of a breakout-up or down-is even, I am bullish on this one because after its last dip, the price is going sideways almost for a 45 days, struggling with 200 EMA. Let's see if it gains enough momentum to take off and skyrocket or not?
Trade active:
Which one of the opportunities did you take? I did not short FTM when it broke the pattern; simply because of the crypto market's current bullish sentiment. Personally, I always ovoid swimming against the current. The old ,simple, golden tip is, "Trend is your friend".
Yesterday, my long setup triggered and the trade is active.
Let's see how much we can harvest :)
Yesterday, my long setup triggered and the trade is active.
Let's see how much we can harvest :)
Trade closed: target reached