🔥 FTM Break Out Continued

A while ago I made a post on FTM and the break out from the bearish channel.

This weekend, the second target has been reached. FTM has been seeing a huge influx of buyers as of late, which made the price shoot up.

As predicted in my last analysis, the green resistance area has caused a minor retracement from the top. If BTC will drop further, a re-test of the yellow support area is to be expected. I'm still bullish in the mid-term, so a bounce is to be expected.

Current main target is the 0.405 resistance, which is the last strong resistance since the capitulation late May.

Happy trading!