Fantom is approaching a high value area where we can look for longs.
We have the following confluences supporting our idea for BUYS. - Major trendline - Daily EMA which price is respecting - Structure which price has respected numerous times - 38.2 fibonacci
Trade Idea: - Watch for price to reject the 2.48 level - Enter with stops below the trendline - Target recent highs for take profit
If we do break the trendline and Daily EMA, we can switch our bias to short and we'll upload a short set up.
what's funny is all these Guru's never zoom out to take a look at the weekly time frame.
well.. Timber!!!!
UnknownUnicorn27717031
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@joncarl what makes you think they don’t?
UnknownUnicorn10898085
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@marshallsolace, well just considering this chart above FTM broke the Model Trend line. On that point alone I could rest my case. But it seems on a general sense I see guys pumping bags nonstop with little consideration for consolidation
madinakamilovna
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Agreed!!!2.45 strong buy zone! Support ema50 around at 2.32
well.. Timber!!!!