$FTM Guide For a Long/Short Trade 💸
1. FTM has seen nice price action in the recent weeks as news about its Sonic upgrade have
come out. This could lead to an exciting wave for FTM and other sympathies.
2. FTM is retesting previous range highs around $0.78-$0.80. This retest is solid to keep the
uptrend moving into the $1 level.
3. There is a solid wedge that has formed here, which I will use to trade this week.
4. For a long position, look for FTM to breakout from this wedge and cross the $0.85 level
to see it keep climbing. Good levels after that are $0.91 and $1. A cross of $1, or a daily
close above it would spark a larger uptrend. This is a very exciting coin to keep an eye
on.
5. For a short position, look for breakdown of $0.75, which would invalidate the recent
move back up from range lows. This would be followed by a breakdown into the $0.73
and $0.665 levels.
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