FTM has a chance of a double bottom

٨ يناير ٢٠٢٣

In the daily chart, after FTM consolidated at 0.2015, the price chose to break through upwards. At present, it is near the downward trend line. If there is a breakthrough, you can wait for the confirmation of the step back before entering the market.
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There are two options for the entry price:
1. The stepping back price after breaking through the trend line.
2. Close above the 0.2625 level.
A close above 0.2625 indicates the establishment of a double bottom.
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The stop loss price is the previous low of 0.1895.
The take profit price is set according to the fib sequence in the chart.
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