ðĨ FTM Moment Of Truth: Will The Bulls Show Up?
FTM has been leading the pack over the last week or so. Will the bulls be confident enough to push the price further?
FTM is currently trading on a strong area of resistance, in combination with being overbought on the daily charts. The aforementioned is theoretically a very dangerous area to trade for bulls, especially in the current market environment.
If we see further downwards pressure, I'm looking for a move towards $0.20, potentially lower if BTC allows it. If the bulls can successfully take FTM above the dotted resistance line, we might actually see more parabolic price action, target placed at $0.31
FTM is currently trading on a strong area of resistance, in combination with being overbought on the daily charts. The aforementioned is theoretically a very dangerous area to trade for bulls, especially in the current market environment.
If we see further downwards pressure, I'm looking for a move towards $0.20, potentially lower if BTC allows it. If the bulls can successfully take FTM above the dotted resistance line, we might actually see more parabolic price action, target placed at $0.31
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