$FTM /USDT Technical Analysis & Trade Signal
Trade Format:Pair: FTM/USDT
Timeframe: 15-Minute Chart
Signal Type: Breakout from channel
Risk Management: Use a 2% risk per trade strategy to manage your capital effectively.Confirmation: Wait for confirmation (strong volume and a clear break above/below the channel) before entering the trade.
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Scenario 1: Bullish Breakout (Upside)
If the price breaks above the resistance at 0.6900, consider a long position.
Entry: 0.6920 (above resistance)
Target 1: 0.7100
Target 2: 0.7300
Stop Loss: 0.6800 (below the breakout level)
Risk/Reward: Approximately 1:2
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Scenario 2: Bearish Continuation (Downside)
If the price breaks below the support at 0.6700, consider a short position.
Entry: 0.6680 (below support)
Target 1: 0.6500
Target 2: 0.6300
Stop Loss: 0.6800 (above the support level)
Risk/Reward: Approximately 1:2
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