BEARISH SETUP ON FTM 30/04/2022 !!!!!!!!!!!!

2022년 4월 30일

Crypto is struggling to break through key areas to flip the sentiment to bullish.

I follow what I can see on the charts and not the noise (hype) on platforms such as twitter and YouTube. (seeing is believing)

Bearish conditions means bearish confluences and we saw this on FTM a couple of days ago,

we had break of support and retest on the 25/04/2022
Bearish Rectangle formed
Increase in Bearish Volume
Rejection off the 50EMA
Rallie Candle at Resistance of Range on 1H

Using the Fib Extension tool from a local swing high - swing low - end of rallie, we ended up taking 15% from this trade (no leverage)