 FTM Long Spot Position (200-day EMA Flip)
2024-10-08

Market Context: FTM is attempting to hold the $0.50 buy zone as a higher low while flipping the 200-day EMA from resistance into support, creating a promising setup for an upward move with a strong risk-to-reward ratio.

Trade Setup:

Entry: Around the $0.50 zone.
Take Profit:
First target: $0.82
Second target: $1.10
Third target: $1.66
Stop Loss: Daily close below $0.36.

This trade aims to capitalize on the higher low and potential EMA flip for the next leg up. #FTM #EMA