Short
FTM SHORT trade IDEA
Hello, due to a lack of volume in the market I haven't been posting as many updates in coins although we are still looking for opportunities everyday.
Analysis: In our previous LONG trade, we long from 0.35 to 0.53 netting a 51.93% profit. Our target was the #3 possible breakout on the white resistance line. However, we have been struggling to break past the resistance and are looking likely for a due correction to 0.38-0.41 level (green box).
Target: 0.39-0.41
Stop loss: 0.47 (break above )
Timeframe: 1D
Analysis: In our previous LONG trade, we long from 0.35 to 0.53 netting a 51.93% profit. Our target was the #3 possible breakout on the white resistance line. However, we have been struggling to break past the resistance and are looking likely for a due correction to 0.38-0.41 level (green box).
Target: 0.39-0.41
Stop loss: 0.47 (break above )
Timeframe: 1D
Note
Closed my trade here. Target almost reached.Trade closed manually
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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.