FTM Revisited (FTMBTC)

Updated

Quick revisit to FTMBTC, a trade closed for decent gains earlier this month. It's now completely retraced and approaching all-time lows.

Not looking to enter yet until market improves, just watching to see how we react as we approach these critical levels and try to break this downtrend.

BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX

Note

Whew that was faster than expected, looks like the final support will break here.

Note

Missed a trade here but the close over 153 and retest of this level would have been a perfect entry.

Next possible entries I'm looking at would be a back test of 160, or a close over 177.

Note

Failed to hold at 160 and dropped below previous ATL 153. No-trade for me until we start closing above 153.

If you looking for a higher risk entry could look for a bounce off the new ATL at 141~143 area with a tight stop loss.

TraderoftheCorn

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