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FTMUSD trade ideas

FTM Analysis - How Low Can It Go?Hello Traders! This analysis for FTM was done at the request of one of our members. I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued. So where is price headed? - To be brutally honest... This is one of the worst charts that I've seen in a while. I can't find a single Bullish indicator anywhere on the chart. I actually think FTM could be trading around 0.20 or less by the end of the year and I'm serious about this. - In the short term I would like to say I think it could bounce considering it's at a support level and has come into this level quick (indicator of potential bounce) but this crypto has underperformed so much that even when a bounce setup occurs it blast through the level and continues lower. ***I really don't have much to say regarding this crypto, if it was me I wouldn't put a single penny into FTM. It's done nothing but trade down with the exception of a couple bounces but aside from that this has got to be one of the worst performing coins in Cryptoland. - For anyone holding FTM, I'm not trying to be abrasive, I'm just giving my honest opinion. ***I suppose you could short FTM but I would caution against shorting period unless you are experienced. ***Let me finish by saying this... - If you are HODL'er of FTM, I would think very carefully about your plans for this crypto. The probabilities of you continuing to lose money with FTM are VERY high especially considering BTC is projected to hit $20K in the coming months. - Personally I learned the hard way and had liquidated my account on several occasions when I first started trading. I left my money in cryptos like ADA, holding on because my emotions told me to. There was no logical reason to it, the charts said otherwise but I was attached to it and couldn't bare taking that size of a hit. In the end I lost all the money invested and learned the lesson of what happens when you allow your emotions to dictate your trading decisions. - Lastly, I don't know if anyone reading is in this particular situation, but either way it's a good lesson to be learned. Charts like FTM will undue months if not years of work saving money to invest. That's all, thank you everyone and best of luck trading!
BINANCE:FTMUSD
by natef1
9
BEARISH SETUP ON FTM 30/04/2022 !!!!!!!!!!!!Crypto is struggling to break through key areas to flip the sentiment to bullish. I follow what I can see on the charts and not the noise (hype) on platforms such as twitter and YouTube. (seeing is believing) Bearish conditions means bearish confluences and we saw this on FTM a couple of days ago, we had break of support and retest on the 25/04/2022 Bearish Rectangle formed Increase in Bearish Volume Rejection off the 50EMA Rallie Candle at Resistance of Range on 1H Using the Fib Extension tool from a local swing high - swing low - end of rallie, we ended up taking 15% from this trade (no leverage)
BITFINEX:FTMUSDShort
by LuxTradeVenture
12
Poker Hands Relating To Trading (((FTM APRIL 2022)One major similarity between poker and trading is that they both involve incomplete information. A poker player may have a strong hand, but he or she is still not 100% sure of what cards other opponents hold. The same thing applies to an investor/trader who may predict a good return but may not be 100% of it. So, decisions in poker and trading are often based on incomplete information. Once the market has dealt the hands (provided us traders with information of market behaviour) we can play the hand, stronger the hand the higher the probability of the trade becomes. How much do we want to risk ?? With due diligence, we need to know the EV+ ( Positive Expected Value) and RMultiple expectancy and with this information we can assume a 60-70% chance of making money and now its up to how much we are willing to risk on the trade. Risk Management Position size of £100 with a 10x leverage = £10.00 Risk Per Percentage With a 2/1 RR, the Reward Per 2% = £20.00
BITFINEX:FTMUSD
by LuxTradeVenture