Long
FTM BULLISH REVERSAL
Based on my scoring system, I have observed an increase in Fantom momentum scoring on the daily time frame. This suggests that there may be further upward momentum, potentially rebounding off the 200-day moving average.
NFA
As a potential entry strategy, I would recommend waiting for a green candle close before entering the market, and exiting upon a color shift to red where the momentum scoring will indicate a downward trend. In the event that both the price and momentum scoring trend is up and the SuperTrend flips to bullish you may consider using the Supertrend as a trailing stop if you prefer not to exit on a red candle.
NFA
As a potential entry strategy, I would recommend waiting for a green candle close before entering the market, and exiting upon a color shift to red where the momentum scoring will indicate a downward trend. In the event that both the price and momentum scoring trend is up and the SuperTrend flips to bullish you may consider using the Supertrend as a trailing stop if you prefer not to exit on a red candle.
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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.