FTM.Usd (Y22.P2.E1). Relief rally

Hi All,

#FTM #FANTOM top structure fits the Wyckoff distribution schematic and we are looking for this relief rally shorting. entrance.
To find the entry at the time, we need to keep an eye on a few charts.
a) BTC b) DXY c) SP500 & NASDAQ

For now, I see confluence for a strong resistance with the daily 200 EMA and the 618 fib level.


PS. FTM team looking to introduce the FUSD stable coin.
which probably gave it this strong bounce.


All the best.


S.SAri