Short
Fantom (FTM): Time To Sell?
Fantom is back at the branch of EMAs where historically we have been getting rejected.
We see it as a good chance for another rejection to happen so keep an eye on both of the EMAs, as it might be a good zone to short and DCA the position!
Swallow Team
We see it as a good chance for another rejection to happen so keep an eye on both of the EMAs, as it might be a good zone to short and DCA the position!
Swallow Team
Note
Fantom is still trading near 100 EMA while not showing us any clear signs of breakout from here.
As long as we are in this uncertainty near the EMA, we are going to look for a rejection to happen, as sellers still dominate near this zone (but we keep an eye on the 200 EMA as well).
Note
Fantom is slowly approaching the end of our DCA zone, which is 200 EMA.
We are keeping a close eye on it for a potential rejection to happen near this zone!
Note
Fantom did nothing like we needed and price had a 22% market price movement in the opposite direction.
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.