READY TO SETOFF OR STILL WAITING FOR THE BEST OPPORTUNITY AFTER GETTING REJECTED?
#FTM's current market structure shows signs of an overly due accumulation phase and should have started the markup phase by now. Although, it's quite normal to see cases like this in the crypto market along with its volatility. So what's next?
The selloffs that happened after the major decline has created several minor and major resistances that FTM found hard to break. Several attempts has been made since 2022 up to current date which has led to weakening of these major resistances. We have also witnessed the 1.10 key level being tested and albeit it has proven to be quite a difficult major resistance to break. The possibility for FTM to continue weaken this key level is high and once extreme buying pressure ensues the breakout that everyone's waiting for FTM's markup phase may happen. Right now, we're continuously observing and patiently waiting for the next attempt and as well as see whether the next attempt could lead to a confirmed breakout.
Stay wise, trade cautiously.
@GAINERSPACK tg
