This is a nice and easy chart setup, shared here as a reminder for you.
Remember that these charts are not meant to be right or wrong, to predict if it will go up or down.
These charts can be used in many different ways, for trading, for learning and entertainment.
Fantom (FTMBTC) hit a low 10-June; that's the stop-loss.
✔️ If FTMBTC trades above the 10-June low, the bullish potential is active and grows with every passing day. One can buy and hold expecting prices to go up.
✔️ If FTMBTC moves and closes below this level, any position should be closed at a loss.
That's as simple as it gets.
✔️ A variation is to buy more, rebuy and reload if prices drop. Buy at support, the next support and continue buying all the way until prices resume moving up.
This is us knowing that a bearish wave is followed by a bullish wave.
- There are many methods to approach trading. - There are many different strategies. - There are many ways that you can use this chart.
This is not financial advice. All the information shared here is for learning purposes and should not be construed as financial advice.
I am sharing my experience, my views of the charts and my opinions of these markets.
I will not be held responsible for anybody's actions other than my own. We are all adults, we do our own clicking, our own buying or selling, or own sitting, reading, watching.
Let's take responsibility for our own actions.
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