FTM idea
Fantom / Tether KUCOIN:FTMUSDT
Currently watching price, as of now have no reason to jump into a short. My high time frame levels (gray boxes) aren’t being punctured. I’ll be shorting the first gray area with half size and watch how price action develops into Mondays NY open. I expect us to slowly grind into that level and continue dumping throughout the week.
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Devil’s Advocate: BTC is about to close its 8th week red which has never happened in its HISTORY. Shorting alts even with the overwhelmingly bearish sentiment should be done with extreme caution. Check out the definition of Gambler’s Fallacy.
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Godspeed, fellas
