FTMUSDT on the daily timeframe since its recent bullish impulse has now provided us with a correction and just bounced of the 0.50 fibonacci, after a impulse and correction we can expect to see the continuation to the upside and market to form a new higher high from a daily perspective, if we drop down to the 4hr timeframe we can see price has broke below this area of structure so its to early to look for a long, BUT if the market manages to close back above this zone on the retest we can look to enter a nice long.
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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.