Altsignals

FANTOM - Multiple Confluences

BINANCE:FTMUSDT   Fantom / TetherUS
Fantom is approaching a high value area where we can look for longs.

We have the following confluences supporting our idea for BUYS.
- Major trendline
- Daily EMA which price is respecting
- Structure which price has respected numerous times
- 38.2 fibonacci

Trade Idea:
- Watch for price to reject the 2.48 level
- Enter with stops below the trendline
- Target recent highs for take profit

If we do break the trendline and Daily EMA , we can switch our bias to short and we'll upload a short set up.

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