FTM ran up over 10% in the last 2 hours and now meeting strong resistance at 1.34. Volume is up and MACD on 30 minute time frame are still appearing positive trend, but 15 minute MACD and RSI indicating possible negative reversal, so keep close watch or place tight stops if you choose to trade.
Targets based on support levels in the 30 minute time frame.
1.29
1.279
1.261
1.245
Targets based on support levels in the 30 minute time frame.
1.29
1.279
1.261
1.245
Comment:
First 2 targets and came within half a cent of third target, within an hour and half of posting. Looking for re-entry around 1.31-1.35 depending on volume and if it meets resistance again - be cautious of re-entry if volume is significantly higher than previous candles up to 1.35.
Comment:
Third target hit at around 15:00 MST.
Laddered re-entry based on resistance and 5 minute RSI being oversold from 1.32-1.33 at 16:30 MST and then exited again around target 2.
I would consider these targets no longer valid at the moment. Price seems to be consolidating around these levels and waiting for additional volume or strong move from market leader BTC to indicate break down or up.
Laddered re-entry based on resistance and 5 minute RSI being oversold from 1.32-1.33 at 16:30 MST and then exited again around target 2.
I would consider these targets no longer valid at the moment. Price seems to be consolidating around these levels and waiting for additional volume or strong move from market leader BTC to indicate break down or up.