Jack's Trading Classroom | FTTUSD short-term indicator buy conditions met

Currently, we are looking at the one-hour candlestick chart of FTTUSD. Within the chart, FTT retraced to the EMA144 and 169 Vegas moving average channel, then closed above the EMA12 filter line, forming a buying condition.

Currently, we are looking at the one-hour candlestick chart of FTTUSD. After FTT retraced to the EMA144 and 169 Vegas moving average channel, it closed above the EMA12 filtering line, forming a buying condition.

The entry point is at 73.428, and the stop-loss point should be set according to the strategy, with the previous low at 69.508.

The retracement below is supported at 70.624, based on the Fibonacci sequence 38.2.

Therefore, the Fibonacci sequence 127.2-138.2 range is considered a bullish target at 90.961-93.475.

In recent days, the digital currency market has shown large fluctuations. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please read with caution, as cryptocurrency trading may involve risks to your capital.

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