FANTOM BULLISH-POTENTIAL 6.39RR
2024-11-29

Fantom (FTM): A Bullish Opportunity with Controlled Risk
  BINANCE:FTMUSDT  
The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective:

Previous Monthly Low (PML - November): Disrespected, signaling strength.
Previous Monthly High (PMH): Disrespected, further affirming bullish momentum.
Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning.
Previous Weekly High (PWH): Disrespected.
Previous Weekly Low (PWL): Disrespected.
Daily Bullish FVG: Being respected, showing demand at this level.
4H Swing High: Disrespected.
4H Swing Low: Disrespected.

Bearish Arguments:

Previous Daily High (PDH): Respected, a minor resistance to watch.
Previous Daily Low (PDL): Respected.

Trade Management:

Stop Loss (SL): $0.84–$0.82
Take Profit (TP): $1.90–$1.88
Entry Zone: $0.9951–$0.9683
Risk-to-Reward Ratio (RR): 6.39
I am using Quantfury to manage this trade, a platform I find effective for precise execution.

Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions.

Stay patient, trade smart, and blessings to all!