🔥 FTM Making New Lows: Further Capitulation Expected
At the start of the month I made an analysis on FTM where I argued that this token was trading in a bear-flag and was likely to break out on the bear side. The initial target of $0.25 has been hit as of today, congratulations if you took the trade.
For now, we're trading around the May capitulation lows. The expectation is that we're going to fall further. $0.16, the summer-21 bear low, is my near term target.
If BTC keeps falling towards 20k we might see even lower values for FTM. Keep an eye on this one.
For now, we're trading around the May capitulation lows. The expectation is that we're going to fall further. $0.16, the summer-21 bear low, is my near term target.
If BTC keeps falling towards 20k we might see even lower values for FTM. Keep an eye on this one.
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
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