FTMUSDT 🤯 Hold or Break Key Level Analysis

31 May 2023

Point of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes.

1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered.
If that happens then we would at 4h a bullish pattern we can trade and target next supply zone.

Target Upper Downward Channel area: 0.37 - 0.40

2. This level gets pierced through and in that case, we expect price to decline to the next demand zone.

Target Next Demand Zone: 0.24 - 0.20

I'll update as I see this playing out.
All the best,
Kina🤯

7 Haz 2023

Not

We see RSI printing bullish divergence. This could reverse altogther! Let's wait for a false break pattern or break above 0.31 to start reversing.

10 Haz 2023

İşlem kapandı: hedefe ulaştı

Short trade success per 2nd scenario above: Target Next Demand Zone: 0.24 - 0.20
complete