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FTM PUMP 15/03/2022

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FTM has dropped 50% since 02/03/2022 after key personnel associated with its project announced departure, this has left FTM near an area not touched since 09/21.

Looking at the 6H chart, we have Bullish Divergence + Hammer Fractal (currently this is still Subjective until a clear break in Market structure)

As the market has overextended to the downside - an automatic rally was very likely.

As a trading idea, price would need to be > $1.30s as this would clear a key level and the 50ema

I am early in my development in charting, any tips to improve would be very helpful - Many thanks :)




İşlem elle kapatılmış
TOOK the trade 1.21s
Stop Loss was the 6hr ATR value = 1.16
R2 = 1.48
R3 = 1.58
R4 = 1.68

Took profit at R4

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.