FF has had a glorious rise from the lows today, up about 30%. On the LTF (low time frame), there is a clear uptrend, but FF just fell down out of the trend and is rejecting off of it. New coins are very risky to trade as there isn't much chart structure, so keep this in mind if you are trading them. You cannot rely on supports and resistances or any TA too confidently as the chart structure is developing in real time.
Nonetheless, I anticipate some profit taking and some short term downwards momentum. I will close the trade if it blasts above the $0.22 area and retests with upwards momentum.
Trade closed: target reached
Closed the position at $0.188I do not get greedy with scalps, this coin has been super bullish, could go lower but I TPd
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.