FTM has been on a steady downtrend, and is looking for a new leg up, not only technically but also fundamentally. A lot more users are starting to discover the possibilities of the FTM ecosystem.
Presuming that the trendline from ath is respected then we can see FTM reach the $1.8 zone which is an optimal place for longs.
Watch for rejection from the support trendline (red dashed) and keep tight stop loss.
If we get confirmed breakout from descending trendline (red) Raise stop loss to breakeven.
Depending on whether the overall market is bullish support should hold, but with the current situation a shakeout is possible.
Presuming that the trendline from ath is respected then we can see FTM reach the $1.8 zone which is an optimal place for longs.
Watch for rejection from the support trendline (red dashed) and keep tight stop loss.
If we get confirmed breakout from descending trendline (red) Raise stop loss to breakeven.
Depending on whether the overall market is bullish support should hold, but with the current situation a shakeout is possible.