[FTM] Fantom - (BULLISH) Value Area BUY + Trade Plan
Fantom is a crypto that I am a BIG fan of. It is in a value area currently. Anywhere in this YELLOW box is good to enter on a trade, in my opinion.
After entry, I'd place a STOP LOSS below the YELLOW box. Then, I'd take some profit at the 1st Target Area (while moving my STOP LOSS up to one cent above my entry price...and then close out my trade and take profit at the 2nd Target Area. FTM is a coin that I'm seeing that could go much higher than this. However, trying to catch the top is what gets most traders in trouble. I just want to get my profits, get out, and move onto the next...
This trade is a About a 2.75 Risk-Reward ratio. VERY good Risk-Reward.
After entry, I'd place a STOP LOSS below the YELLOW box. Then, I'd take some profit at the 1st Target Area (while moving my STOP LOSS up to one cent above my entry price...and then close out my trade and take profit at the 2nd Target Area. FTM is a coin that I'm seeing that could go much higher than this. However, trying to catch the top is what gets most traders in trouble. I just want to get my profits, get out, and move onto the next...
This trade is a About a 2.75 Risk-Reward ratio. VERY good Risk-Reward.
Comment:
(10-8-21) Targets HIT! 100% Profitable Trade.