FTM accumulation scenario

2024年3月27日

FTM has very well performed recent weeks.

Prices are at weekly resistance. On lower time-frame (4H), a double-top pattern was formed and the neckline was broken.

In my opinion, we would open a Short (as in chart) and/or specially wait for prices to fall around $0.55-$0.65 to accumulate FTM for a long-term investment (targeting $3 and above).

It's important to keep in mind that Short is risky in general and particularly in the context where the interest for FTM may still continue.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

2024年3月27日

註釋

Here is the weekly view for long-term investment

2024年3月29日

註釋

Adjust SL to entry

2024年3月30日

註釋

+8% from entry. TP1 at $0.9

2024年3月31日

手動結束交易

Break-even.
I'm still waiting for buying FTM at yellow area, if it comes there.

2024年4月13日

交易進行

I start to accumulate FTM as planned

2024年5月3日

註釋

FTM had touched the BUY AREA for a second time and is bouncing.
My Target is $3.3