The market structure of $FTM, one of the recently forgotten #Kripto currencies, has turned bullish in both major and minor trends. With the market structure being bullish, I think there is a possibility of breaking the downward trend that has been running for 8 months, coming from the last peak.
It can provide a 30% profit potential, especially with the intervention of the whales of FTM, which has not been able to get much of its share from the recent rises.
In this regard, I will have 2 trading plans for FTM.
1- Low risk but no guarantee plan: I will take a position if it returns to the last horizontal support level, i.e. 0.21-0.22 dollars. If the price does not return to support, I may miss the opportunity, but this is necessary to reduce the risk!
TP: $0.31
SL: $0.199
If I stop in this plan, I will lose 6%. However, if TP comes, I will make a 40% profit. Even if the stop amount is high, this risk can be taken depending on the profit.
2- Risky plan: I will take the first level exposure from here and the second level exposure at $0.21-0.22 and continue in two stages. Since my average will be around 0.23, if I stop, my loss will be close to 15%, but if the price goes directly up, I will not miss out. Is it worth taking this risk?
It can provide a 30% profit potential, especially with the intervention of the whales of FTM, which has not been able to get much of its share from the recent rises.
In this regard, I will have 2 trading plans for FTM.
1- Low risk but no guarantee plan: I will take a position if it returns to the last horizontal support level, i.e. 0.21-0.22 dollars. If the price does not return to support, I may miss the opportunity, but this is necessary to reduce the risk!
TP: $0.31
SL: $0.199
If I stop in this plan, I will lose 6%. However, if TP comes, I will make a 40% profit. Even if the stop amount is high, this risk can be taken depending on the profit.
2- Risky plan: I will take the first level exposure from here and the second level exposure at $0.21-0.22 and continue in two stages. Since my average will be around 0.23, if I stop, my loss will be close to 15%, but if the price goes directly up, I will not miss out. Is it worth taking this risk?
