 FTM Long Spot Trade (Trading at Support)
2024-11-21

Market Context:
FTM is currently trading at a support level, with the price oversold on the 4-hour timeframe. This setup presents a favorable opportunity for a long trade, expecting a bounce from this area.

Trade Setup:

Entry: Around $0.66
Take Profit Targets:
First target: $0.76 - $0.78
Second target: $0.82 - $0.84
Stop Loss: Just below $0.645

This setup takes advantage of oversold conditions and support alignment, with a strong risk-to-reward profile.