VIAQUANT

FTM - Good Short Opportunity

BINANCE:FTMUSDT   Fantom / TetherUS
After FTM's large rally, we are beginning to see some exhaustion. We see we have a trendline that was old support now flipped into new resistance. We are currently at this trendline, so shorting from here with a stop loss above the last high may be a good risk/reward strategy. If we do get a selloff from theses levels we could see a retest of our lower support. This could lead us back to the $0.16 levels. Something to keep an eye on.
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