Like most alts this morning, FTM is seeing a great influx of buyers after yesterday's sell-off. These bullish investors took out the 0.25 resistance with great ease, currently targeting the 0.29 resistance. In case the 0.29 resistance falls (and BTC doesn't dump any further) we might see a new minor bullish trend develop for FTM (potentially other alts as well).
Be aware that this bullish trend might be short-lived since the overall trend of the market is still bearish. In case you want to wait for more confirmation of the trend, I'd suggest to wait for the 0.3 resistance to get broken by a decent sized candle.
Happy trading!
Be aware that this bullish trend might be short-lived since the overall trend of the market is still bearish. In case you want to wait for more confirmation of the trend, I'd suggest to wait for the 0.3 resistance to get broken by a decent sized candle.
Happy trading!
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