FTM: Pullback in Uptrend

Trade setup: Price remains in an Uptrend. After reaching our target of $0.55 resistance, price got overbought (RSI > 75) and pulled back on some profit taking. Pullback near $0.40-$0.45 support zone could be a swing trade entry in Uptrend with +25% upside potential back to $0.55. Stop Loss (SL) at $0.36 (prior swing low).

Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.40 (previous resistance), then $0.33. The nearest Resistance Zone is $0.55, then $0.65.