$FTM

Pulls Back After Touching $1.4782 – Key Support Levels to Watch! ⚠️

FTM/USDT saw a strong rally to $1.4782 before retracing to its current price of $1.3496, marking a 7.90% increase for the day.

Key Metrics:

Current Price: $1.3496

24h High: $1.4782

24h Low: $1.2385

Market Insights:

After a significant uptrend from the $1.1970 support, FTM faced resistance at $1.48.

Price is now testing the $1.34 - $1.30 zone, which serves as immediate support.

A break below $1.30 may extend the retracement to $1.28 or lower, while a bounce could retarget $1.39 and beyond.

Trading Strategy:

Entry Zone: $1.33 - $1.35

Targets: $1.39 / $1.45 / $1.48

Stop Loss: Below $1.30

Risk Management: Watch for signs of reversal with volume confirmation near support levels. Manage positions carefully to avoid deeper pullbacks.

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