FTM broke out of two bullish flags!
Technically speaking and in personally speaking, I think it's to late to join the part unless you find some lower time frame entry and scalp, but if we do get a retracement then two possible lines of support could be at 2.3358 and the further one out would be 1.6583.
1st TP has already been hit.
2nd TP at around 2.0279.
I don't usually support and resistance because I prefer to use supply and demand zones but in this case I don't see a clear zone on the daily and if you go further down the time frames, you will find a bunch of zones and go figure which one will stick.
So what I'm planning to do if something else doesn't avert my attention, is wait for price to retrace, look for a new bullish pattern or a zone and trade off of that but of course none of this should be taken as financial advice.
Cheers Fantom crew ;)
1st TP has already been hit.
2nd TP at around 2.0279.
I don't usually support and resistance because I prefer to use supply and demand zones but in this case I don't see a clear zone on the daily and if you go further down the time frames, you will find a bunch of zones and go figure which one will stick.
So what I'm planning to do if something else doesn't avert my attention, is wait for price to retrace, look for a new bullish pattern or a zone and trade off of that but of course none of this should be taken as financial advice.
Cheers Fantom crew ;)
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