FTM/USDT
2024-12-18
Category: None

This analysis is based on a price action approach, utilizing multiple time frames, specifically the weekly, daily, and 4-hour charts to identify a key area of value (supply and resistance) despite the prevailing uptrend in the market, price reached a significant supply zone, where we observed a reversal in momentum as price began to retrace. I then waited for a confirmation of the bearish sentiment, with multiple consecutive bearish candles signaling the potential for further downside. This led to my entry, targeting a move from 1.4 to 1.2.
