🔥 Hi friends! FTM is looking stronger as the most altcoins during last 2-3 month. It's skyrocketing even before FTX start to crush. Now we see the local pullback because of BTC pullback and the false breakout of key level $0.2614.
SHORT. I think that FTM can make at least one pump before return to $0.22-0.23 value area which is HUGE SUPPORT. The final pump above the key level of $0.26 force the retailers to buy. They also become the fuel🔥 for the dump.
🚩 The volumes should increase that show you pressence of the whales who selling their holdings to retailers that buy on PUMPs.
✅ THE TARGET FOR SHORT IS THE CLOSEST AND BIGGEST VALUE AREA OF $0.22-0.23.
LONG. You can open a long trade on the same false breakout of the local level. I have marked for you on the chart the most possible scenario according to which this trade deal can be opened.
🚩 Always pay your attention to the volume indicator. It helps you to see where the big guys sell and buy crypto.
🔥 Personally I use DOM and Footprint scalping tools that help me to trake the real whales orders in live. I have a lot of study materials and videos about this indicators.
✅ THE TARGET FOR FTX LONG WILL BE THE KEY LEVEL $0.26, BUT CAN BE CHANGED ACCORDING TO THE BTC MOOD.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.