🔥 FTM Fibonacci Reversal Trade

FTM has been one of the better performing alts of 2023. However, it has been correcting a lot ever since the early February top.

Nevertheless, I think there's still a lot of bullish potential for the token.

I'm looking at the area between the green and light blue Fibonacci bands for a potential reversal area. Keep in mind that FTM has recently touched the green 0.5 Fibo, which often results in a bounce. If this bottom is already in, no trade will be triggered. Patience.

Target is the red Fibonacci line.