🚨 $FTM Long Liquidation Alert! 🚨
💰 Liquidation Value: $24.019K
📉 Price: $1.2092
Phantom (FTM) has just seen a massive long liquidation at $1.2092! This shakeout could lead to high volatility, offering traders a golden opportunity to capitalize on the next move. Let’s dive into the details and plan a solid strategy.
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What’s Next for $FTM ?
This liquidation signals a breakdown of weak longs, possibly clearing the path for either a bounce or a further drop. Watch key levels closely for the next big move.
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Entry Plan (Buy Zone)
Buy Zone 1: $1.2000 – $1.2150 (near current levels if FTM finds support here).
Buy Zone 2: $1.1500 – $1.1800 (strong support zone for a safer entry if the dip deepens).
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Target Zones (Take Profit)
Target 1: $1.2400 (quick bounce recovery zone).
Target 2: $1.2700 (key resistance from recent highs).
Target 3: $1.3000 (psychological level—bulls may aim for this breakout).
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Stop Loss
To protect your capital, set your stop-loss at:
$1.1400 (below the key support zone to minimize risk).
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Key Levels to Watch
1. $1.2000: Immediate support—FTM must hold here to prevent further downside.
2. $1.1500: Stronger support where buyers could step in.
3. $1.2400: First resistance—watch for rejection or a breakout here.
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Pro Tips for Trading FTM
Be Patient: Let FTM confirm support before entering your position.
Watch Volume: A spike in buying volume is a strong signal for a potential reversal.
Follow Market Trends: If the broader crypto market turns bullish, $FTM could rally quickly.
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💡 Final Thought: This long liquidation event has cleared out weak positions, which could set the stage for a recovery. But as always, the market remains unpredictable—stick to your plan, set your stop-loss, and manage risk wisely.
What’s your move? Buying the dip or waiting for a clearer signal? Let’s talk strategy!
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