FTM - Ranges overview
FTM is currently heading towards its highs so let's see how we work further from there.
The overall plan will of course depend on BTC and how it wants to move further. Wouldn't be interested in taking any trades around these levels and would prefer to wait for us to trade around the extremities of the range.
IF we break and hold the highs expect some further move to the upside.
IF we fail to reclaim we should revisit the downside and most likely the lows IF BTC decides to give in.
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 overall plan will of course depend on BTC and how it wants to move further. Wouldn't be interested in taking any trades around these levels and would prefer to wait for us to trade around the extremities of the range.
IF we break and hold the highs expect some further move to the upside.
IF we fail to reclaim we should revisit the downside and most likely the lows IF BTC decides to give in.
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.
Related publications
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.
Related publications
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.