FTMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for FTMUSDT
As we analyzed on March 14, we expected a rise to happen and here we see a noticeable rise after a little decline which means our expectation took place correctly. Here we have R1 and R2 as the resistance areas that express the price was not able to rise at different points. And S1 and S2 are our support areas in this chart containing the support of price even since the past. Thus, we have the price fluctuating over S1 area after being rejected at R1 and we expect it to make two scenarios available here. By having some rising signs and more fixation, we would wait for an increase up to R2. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area would happen in case the price is supported at R1. It is also probable that if the price is capable of breaking R2 upward, the possibility of rising to its last peak is so high. But if the price is not supported, more fall is predicted there for it to touch lower amounts. Then surely if the price falls below S1, more decline will happen to it. We suggest you to put your stop-loss point below our first support area for not losing more profits and experiencing more logical trades. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck