Trade Setup: FTM Long PositionMarket Context:
Despite some altcoins being at short-term resistance levels, the overall altcoin market is oversold on higher time frames.
A potential small pullback could present an opportunity to take long trades to the next resistance levels.
Trade Parameters:
Entry: Buy in the range of $0.30 to $0.3060.
Take Profit:
First target: $0.38 - $0.4233
Second target: $0.53 - $0.60
Stop Loss: Set just below $0.2850.
Additional Notes:
Monitor the market for signs of a small pullback to confirm the entry zone.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
Ensure to manage risk effectively, especially given the oversold conditions.
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