Fantom — Nice Bounce & Bollinger Bands Signal — High Probability

24 Jun

Fantom is one of the coins you should examine closely today. The token had a massive bounce after today's sell-off and performed strongly.

FTM equalized the losses at the time of writing and is up almost 3%.

Moreover, Fantom flashed a bullish Bollinger Bands signal on the 4H chart. In this case, backtests show extraordinary results, achieving 2% and 5% gains.

However, if FTM continues to perform it could even go much higher since the next resistance sits at $0.65 — resulting in gains of ~15%.

Nevertheless, using 5% as a first profit target might be a good idea.