FTM BULL FLAG - TARGET $ 3
Updated
Fantom has created a beautiful bull flag in confluence with fib levels. It is currently respecting the Levels of bull flag. It might touch ema800 once bitcoin dips to 40k levels.
From 1.90-1.98 it will pump in coming weeks to 3 Dollars.
How to trade:
RISK MANAGEMENT IS VERY IMPORTANT TO BE A SUCCESSFULL TRADER
I would use a 1% Stop loss at 1.98 levels and long it - if it breakouts you ride it till 3 if it doesnt you can close in profits and long again when it hits the below trend line
Incase if it hits harder it has a huge support at 1.90 with ema800 easy invalidation will be another 1%stop loss and longing it from their (this will not invalidate the structure as a dip in btc will cause this and if rebounded it will go towards its target.
Length of bull flag from the trend is another confluence as it hits the fibonacci levels of 1.618
From 1.90-1.98 it will pump in coming weeks to 3 Dollars.
How to trade:
RISK MANAGEMENT IS VERY IMPORTANT TO BE A SUCCESSFULL TRADER
I would use a 1% Stop loss at 1.98 levels and long it - if it breakouts you ride it till 3 if it doesnt you can close in profits and long again when it hits the below trend line
Incase if it hits harder it has a huge support at 1.90 with ema800 easy invalidation will be another 1%stop loss and longing it from their (this will not invalidate the structure as a dip in btc will cause this and if rebounded it will go towards its target.
Length of bull flag from the trend is another confluence as it hits the fibonacci levels of 1.618
Note
BULL FLAGS I LOVE THEM!!!!AMAZING PROFITS - TP'd @ 2.92
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