🔥 FTM Bouncing From Bear Market Support

٢٣ أكتوبر ٢٠٢٣

In my most recent FTM analysis I looked at a long-term head & shoulders pattern. My initial analysis stated that I was waiting for confirmation of the break out with an entry of 0.16. The entry has never been reached, so no entry has been made.

FTM saw a significant bounce over the last few days, bouncing over 35% from the lows. Seeing that the bear market support held, I'm now looking for more potential upside, naturally helped by a bullish Bitcoin.

Target at the 2023 highs, stop below the most recent local low. I'm expecting a minor retracement in the coming days, will make an entry there.