FTM - Ranges overview
Let's see what FTM has for us on the long term. Based on my view of the market we are currently in an interesting possible reaction zone.
The exchange has no further prices below for the time buying but that does not mean it cannot go lower than the previously established lower lows (from the presentation of the coin on the exchange).
Plan is pretty simple.
IF we lose this liquidity zone we will break lower.
IF we fail to create new lows and start pushing above 0.1940 expect a retest of 0.25
DO NOT FORCE ANY TRADEs AND WAIT FOR THE MARKET TO TEL YOU WHAT IT WANTS TO DO !!!!
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
The exchange has no further prices below for the time buying but that does not mean it cannot go lower than the previously established lower lows (from the presentation of the coin on the exchange).
Plan is pretty simple.
IF we lose this liquidity zone we will break lower.
IF we fail to create new lows and start pushing above 0.1940 expect a retest of 0.25
DO NOT FORCE ANY TRADEs AND WAIT FOR THE MARKET TO TEL YOU WHAT IT WANTS TO DO !!!!
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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