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smwajeeh

Chart Idea - FTMUSDT Swing Long

Long
Fantom / TetherUS (BINANCE:FTMUSDT)  
smwajeeh Updated   
BINANCE:FTMUSDT   Fantom / TetherUS
Trend Analysis Chart Patterns Technical Indicators ftmlong ftmlongsetup ftmtrade FTMUSDT longtrade longtradesetup longposition
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trendanalysis chartpattern indicator ftmlong ftmlongsetup ftmtrade ftmusdt longtrade longtradesetup longposition
FTMUSDT broke out from it's long bull flag. There are 3 confirmations which lead me to open this long trade.

Bounced
- from the 0.786 fib level
- from upward diagonal support
- from the diagonal support which was the resistance last year in Feb 2023

Entry: 0.76
TP: 1.95
SL: 0.618

It's a swing trade and could take weeks to play out. Will keep on updating on this thread.
Comment:
Correction in the third confirmation above desc. It was a typo:

FTMUSDT broke out from it's long bull flag. There are 3 confirmations which lead me to open this long trade.

Bounced
- from the 0.786 fib level
- from upward diagonal support
*** - from the horizontal support which was the resistance last year in Feb 2023 ***

Entry: 0.76
TP: 1.95
SL: 0.618

It's a swing trade and could take weeks to play out. Will keep on updating on this thread.
Trade active:
Beautifully retraced to fib level 618 and now it's on it's way up towards its TPs.

snapshot

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smwajeeh
Chart Idea - FTMUSDT Swing Long
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