$FTM Bearish trend retest HTF ? 🥶
Very unstable price zone at the moment!
If we are facing another big dump for some reason, i'll spam the buy button around the 0.850 - 0.820 and 0.800$ support zone!
As mentionned, around that zone, we may see a lot of move up and down before to see anotherbig move!
A breakout above the 1.200$ resistance zone is required for the bulls here (H4) view!
Upper key resistances:
1.2700 - 1.3500$
Also, as indicate in my
BITCOIN price analsis we are probably at the beggining of a bearish correction move (medium term), this scenario make sense for me! ⚠️
The ongoing short term correction upward is probably a FOMO pump created by small fishes to test the 50% fib precedent support zone! Whales 🚨
Whales and retails could start to short the market again soon!
A possible scenario would be: (valid for many others #alts)
-Yesterday: Bearish breakout
-Today: Upward correction to retest 50% fib zone (BULL TRAP)
-Upcoming days ==> Bearish continuation 📉
I rely on my instinct, my experience and my analysis!
Again, we play level by levels, Bulls clearly need more strenght here!
This is not investment advice!
Be careful with long positions on the market! ⚠️
#ftm #TradingMadeEasy #fantom