FTM Long Position (Oversold Conditions)
Market Context: FTM is at a key support level and is oversold on medium timeframes, making it a favorable candidate for a long trade.
Trade Setup:
Entry: Long spot position at $0.43 support level.
Take Profit:
First target: $0.50
Second target: $0.60
Stop Loss: Just below $0.40
📊 This setup aims to capitalize on the oversold conditions and key support, with clear profit targets and a tight stop loss to manage risk effectively. #FTM #CryptoTrading #SupportLevel
Trade Setup:
Entry: Long spot position at $0.43 support level.
Take Profit:
First target: $0.50
Second target: $0.60
Stop Loss: Just below $0.40
📊 This setup aims to capitalize on the oversold conditions and key support, with clear profit targets and a tight stop loss to manage risk effectively. #FTM #CryptoTrading #SupportLevel
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.