📈FTM: when to open a trade? Is sl collection still possible?
📈Fantom( FTM ), we have to wait for the RIGHT setup or pattern to open a trade to earn +10%, 20%, 100%, and not mindlessly open trades and lose -2%, -5%, -10%. That’s what I’ll talk about in this idea.
🚩The key zones on the chart are:
🔶$0.564-0.686 – liquidity gap
⬜$1.15-1.50 – huge value zone
⬜$1.98 -2.45 – value zone
The price touched the liquidity gap, and since there are no buyers or sellers there, the price quickly bounced off that area. To open a long it is necessary to wait for the collection of stop-losses, the whales manipulation, of course, with the growth of volumes on the indicator. That’ s why local collection of traders’ stop-losses below the level of $0.66 is still possible. After that it is possible to open long trades❗
📍The trendline. When the price touches the global trend line , it is necessary to pay attention to the squeeze. The squeeze shows the willingness of traders to buy and a possible break up soon. You can see manipulation and local stop loss collections sometimes, but the squeeze is one of the most successful and simple strategy I use.
🎯Targets. The first target will be the value zone of $1.15-1.50. If Bitcoin and the entire crypto market will be in uptrend, the price have the chance to reach the second value zone of $1.98 -2.45.
Every crypto ( BTC or alts) is unique. Fantom, for example, grows very fast, pumping by 10-20%, so don’t miss the entry point😉
🎥You have to wait for the right set-up on the chart, not to trade everything you see. Check out my yesterday video review on Bitcoin , it’s relevant to all cryptocurrencies!
