FTMUSDT Price Action OB| Double Bottom| Low Volume| Trend
Evening Traders,
Today’s analysis – FTMUSDT – trading action trade a t a key trade location where a bounce is probable,
Points t consider,
- Price action corrective
- Local OB Support
(Double Bottom Confluence)
- Volume Low
- Trend Corrective
FTMUSDT’s immediate price action is trading inside an order block where a bounce will confirm a double bottom, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The current trend is corrective, thus any rallies are likely to be sold into.
Overall, in my opinion, FTMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s analysis – FTMUSDT – trading action trade a t a key trade location where a bounce is probable,
Points t consider,
- Price action corrective
- Local OB Support
(Double Bottom Confluence)
- Volume Low
- Trend Corrective
FTMUSDT’s immediate price action is trading inside an order block where a bounce will confirm a double bottom, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The current trend is corrective, thus any rallies are likely to be sold into.
Overall, in my opinion, FTMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone