FTM In a local downtrend
Hello everyone, let's take a look at the 1H FTM to USDT chart as you can see the price is on the border of the uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3734
T2 - $ 0.3460
and
T3 - $ 0.3872
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.2884
SL2 - $ 0.2698
SL3 - $ 0.2549
SL4 - $ 0.2412
and
SL5 - $ 0.2198
Looking at the CHOP indicator, we can see that in the 1H range we have less and less energy and the MACD indicator shows a local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3734
T2 - $ 0.3460
and
T3 - $ 0.3872
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.2884
SL2 - $ 0.2698
SL3 - $ 0.2549
SL4 - $ 0.2412
and
SL5 - $ 0.2198
Looking at the CHOP indicator, we can see that in the 1H range we have less and less energy and the MACD indicator shows a local downward trend.
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