Trading Signals for Fantom $FTM

Action: Long position

Entry Range: $0.7750 - $0.7900

SL: $0.7660 - $0.7790

TP: $0.8150 - $0.9080

FTM is showing a strong recovery trend, gaining 14.38% over the last 24 hours, with a trading volume to market cap ratio of 19.55%, indicating high trading activity. The price recently tested $0.7942 (day's high) and is consolidating near $0.7876, forming a potential bullish flag on the intraday chart. The market cap stands at $2.2B with robust liquidity, suggesting traders' interest in FTM.

For scalping, look for a breakout above $0.7900 with significant volume. Long positions are favorable within the $0.7750 - $0.7900 range. Use a stop-loss around 0.5%-1.5% below the entry to minimize risk. Target potential levels up to 15% gains based on price momentum.

If the price breaks below $0.7750, consider re-evaluating for short opportunities.

🥂Trade Here👇$FTM

🚨Note: Trade at your own risk. DYOR.

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