๐ฅ FTM Entered Massive Support Area: Horizontal Channel
Like many other alts, FTM has seen strong downward pressure over the last couple days. However, the end of the sell-off might be closer than we think.
FTM has entered the support area of a huge horizontal channel, which dates back to late October. These areas offered resistance and support on multiple occasions, so there's a decent probability that it will again.
Be aware that the overall macro environment is key. If we get a lot of bad news, like war, TA won't matter much and we will go down no matter what.
Happy trading!
FTM has entered the support area of a huge horizontal channel, which dates back to late October. These areas offered resistance and support on multiple occasions, so there's a decent probability that it will again.
Be aware that the overall macro environment is key. If we get a lot of bad news, like war, TA won't matter much and we will go down no matter what.
Happy trading!
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