FTM has very well performed recent weeks.
Prices are at weekly resistance. On lower time-frame (4H), a double-top pattern was formed and the neckline was broken.
In my opinion, we would open a Short (as in chart) and/or specially wait for prices to fall around $0.55-$0.65 to accumulate FTM for a long-term investment (targeting $3 and above).
It's important to keep in mind that Short is risky in general and particularly in the context where the interest for FTM may still continue.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Comment:
Here is the weekly view for long-term investment
Comment:
Adjust SL to entry
Comment:
+8% from entry. TP1 at $0.9
Trade closed manually:
Break-even.
I'm still waiting for buying FTM at yellow area, if it comes there.
I'm still waiting for buying FTM at yellow area, if it comes there.
Trade active:
I start to accumulate FTM as planned