50% Bounce Off Lows, Recovery Soon?
Hello traders, today I’d like to discuss my analysis on FTMUSDT.
FTM’s price recently fell from 2.15 to 1.86. Since then it has recovered 50% from its February 2nd low. Should price turn support near this range, we anticipate a move towards the Supply Zone (2.07-2.10)
FTM has bottomed and broken out of the consolidation phase with that resistance line breakout.
So be ready!!!!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏
FTM’s price recently fell from 2.15 to 1.86. Since then it has recovered 50% from its February 2nd low. Should price turn support near this range, we anticipate a move towards the Supply Zone (2.07-2.10)
FTM has bottomed and broken out of the consolidation phase with that resistance line breakout.
So be ready!!!!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏
Trade closed: target reached:
Pulled back to Demand Zone for a nice pop off of support. Target reached.
