FTTUSD : Trade with S/R key levels from mid range to range highI have drawn key support and resistance levels (S/R) here.
There are 2 plans as of now here and my plan is like If Plan A gets success then only look for Plan B.
Plan A:
Entry is at mid range
Target 1 and Target 2 (range high) are mentioned.
Stop loss: Daily close below 27.77 | If you want to sync price action with BTC then if Bitcoin closes daily below 22.5K then consider it as invalid.
FTTUSD
💡Don't miss the great buy opportunity in FTTUSD @FTX_OfficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (38.68).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 40 .73
TP2= @ 41.74
TP3= @ 42.99
TP4= @ 44.28
TP5= @ 46.85
SL= Break below S2
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💡Don't miss the great buy opportunity in FTTUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (59.116).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 63.000
TP2= @ 65.730
TP3= @ 68.000
TP4= @ 71.220
TP5= @ 74.000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️