FTM Channel 50% Price at the bottom of the channel.

The coin has already left the downtrend for a month and a half (price exit for the downtrend line).
Now moving sideways. For almost 5 months, the coin can be traded in the channel in increments of 50%, with a break in the downtrend, the highs began to rise. This is a good sign.

At the moment, the price has approached an important zone of support for the bottom of the channel. If support is confirmed, then a possible movement of + 50% in the range of the horizontal channel. If the upward dynamics of the highs increase continues and there will be a breakthrough of the channel resistance, then the target is + 100% to the indicated levels.

TARGET AND ENTRANCE.
There are two options for trading this coin at the moment:
1) The first option. Trading in the accumulation channel in increments of 50% upon confirmation of support. + 40-50%
2) The second option. Entrance during the breakthrough of the channel resistance or rollback after the breakthrough of the accumulation channel. + 100% and more.
3) Breakthrough support channel. If the price breaks through the support of the channel and fixes under it, we are waiting for the price to stop and a new good entry point (which will not be soon).

Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.

Kommentera:

+ 26% from the observation area. Thus, this growth formed the figure of the head and shoulders (right shoulder).
The price is now at a very important zone of support for the channel and the "neck" of the figure. If the price consolidates and support withstands the potential movement I showed on the chart.