$FTM GEARING UP FOR A MASSIVE BREAKOUT đ
đą
Pull up your socks coz the next week is going to be insane and this Layer1 is about to go parabolic đ
đ Eyeing the $ level to conquer
So that marked range has been exquisitely respected, $0.6-0.7 proved to be a zone of consolidation. One of the very basics of price action that I've been explaining since I started posting on square.
This is one crucial setup which paves the way for that big momentum breakout. Whenever price moves sideways at those higher levels, stuck between the near S/R levels it clearly indicates bullishness in the times ahead. Also check the volume as well, maintaining the consistency.
Now many would question the rejection from resistance at $0.7, but as a matter of fact it is not breaking down that support as wellđđŒ. This is where the price stabilizes and gets prepared for the upcoming action. Longer the consolidation occurs, bigger the breakout.
Also the Bollinger Band is squeezing. The narrower it becomes, the more pump will occur. In fact we could be in for a solid momentum breakout.
After hitting the $ mark it will pause its journey and will start again for the next leg up.
