FTM has shown strong support on the 200EMA and is currently bouncing for the second time since falling out of the bull channel. It appears we have a clear runway to the Weekly Resistance at $0.42.
How do we trade this?
All of the data points indicate that we should long with the exception of the RSI which shows the price as fairly overbought. However, Price...
Looking at the chart, we have a HTF(M30 OB),Bullish momentum is getting killed offf. Zooming in to a m5 tf, we narrow down to a beautiful OB that gives us a "Sniper" type entry with minimal SL,Drawdown and maximum RR.(8 and 9 RR).
Comment on what your thought are and leave a like if you like my trade idea.
