Hey guys,
Here's my quick analysis for FTMUSDT for a Daily Timeframe Short Term Spot signal 🔥
1. Daily Timeframe it started to change character from ranging market to uptrend. We can see after the N wave, price started to consolidate and form and Inverse Head and Shoulders Pattern.
2. We've got a breakout from a downwards trendline price has been respecting and bounced off of it multiple times.
3. We need a re-test to trendline plus a candlestick set up to enter the trade, you can enter in H1/H4 per your trading strategy. Then, as for targets go, I'll go for the next supply zone to be safe 0.60 mark. So I'd suggest you take profits earlier before price enters Supply Zone.
Happy Trading and manage risk responsibly.
Regards.
Kina
Here's my quick analysis for FTMUSDT for a Daily Timeframe Short Term Spot signal 🔥
1. Daily Timeframe it started to change character from ranging market to uptrend. We can see after the N wave, price started to consolidate and form and Inverse Head and Shoulders Pattern.
2. We've got a breakout from a downwards trendline price has been respecting and bounced off of it multiple times.
3. We need a re-test to trendline plus a candlestick set up to enter the trade, you can enter in H1/H4 per your trading strategy. Then, as for targets go, I'll go for the next supply zone to be safe 0.60 mark. So I'd suggest you take profits earlier before price enters Supply Zone.
Happy Trading and manage risk responsibly.
Regards.
Kina