FTMUSDT (FANTOM) - BUY ENTRY Long

Fantom / TetherUSBinance

Description

⋅ Mar 9, 2021 1:17 PM

ANALYSIS 🔎
- FTMUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- There's an uptrend continuation possibility.

BUY ENTRY ⬆️
- Conservative entry : breakout above the previous swing high horizontal resistance level (R1).
- Aggressive entry : market price.

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).

SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (S1).

Comments

HermanOn

⋅ Mar 12, 2021 10:42 AM

invalidation