#FTT/USDT : Go to work, it's good

Jan 10

#FTT

The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.

There is a key support zone in green at 0.4850. The price has bounced from this zone several times and is expected to bounce again.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.5055
Target 1: 0.5175
Target 2: 0.5367
Target 3: 0.5593

Stop Loss: Above the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.

Jan 12

Trade active

#FTT
Target 1: 0.5175 Reached
Target 2: 0.5367 Reached

Jan 18

Trade closed: target reached

#FTT
Target 1: 0.5175 Reached
Target 2: 0.5367 Reached
Target 3: 0.5593 Reached