FTM/USDT Analysis:

The price is 0.4971, near the daily low of 0.4956. It had a good run, bouncing from 0.4665 to 0.5265, but it's pulled back now. The EMAs around 0.5045-0.5071 are acting as resistance, so it needs to break above them for momentum to pick up.

Here’s the play:

1. Long Position:

- If 0.4956 holds, go long around 0.496-0.497.

- For safety, wait until it breaks 0.5045 (EMA) for confirmation.

- Stop-loss: Below 0.492.

- Take-profit: First target at 0.52, second at 0.53-0.54.

2. Short Position:

- If 0.4956 breaks, short it.

- Target 0.48 and 0.4665.

- Stop-loss: Around 0.505.

Bottom line:

Watch 0.4956 support. If it holds, go long; if it breaks, consider shorting. Keep an eye on BTC, as it could drag FTM down.

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