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