Fantom (FTM): Possible Zone of Rejection / EMAs

Fantom caught our attention with the nice rejections near 100EMA that we have been having recently.

We have now approached that same 100EMA again and got rejected, but the price is showing some kind of upward momentum currently.

We are keeping an eye on both EMAs here for a potential rejection to happen, which would result in a movement towards our lower support zone / target zone.

Swallow Team

Comment:

The scenario with 200EMA has been playing out nicely, where price got rejected from EMAs and moved to lower zones towards our target zone. Although we did not reach that zone, we still had an amazing movement toward it, with multiple chances to exit the trade!

✅ We got +13.00% of marketprice movement