🔥 FTM Entered Massive Support Area: Horizontal Channel

٢٢ فبراير ٢٠٢٢

Like many other alts, FTM has seen strong downward pressure over the last couple days. However, the end of the sell-off might be closer than we think.

FTM has entered the support area of a huge horizontal channel, which dates back to late October. These areas offered resistance and support on multiple occasions, so there's a decent probability that it will again.

Be aware that the overall macro environment is key. If we get a lot of bad news, like war, TA won't matter much and we will go down no matter what.

Happy trading!