🚀 FTM/USDT Technical Analysis: Is Fantom Ready to Breakout? 🔥
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📊 Key Support & Resistance Levels
🔸 Resistance:
Immediate resistance stands at $1.2500 🚧.
A successful breakout could propel FTM toward $1.3000 and $1.3500 🚀, signaling a bullish continuation.
🔸 Support:
Strong support is at $1.2000 🛡️.
A drop below this could lead to a decline toward $1.1500 🔻.
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⚡ Trading Strategy
1️⃣ For Long Positions:
Entry: Wait for a confirmed breakout above $1.2500 with strong volume 📈.
Targets: Set targets at $1.3000 and $1.3500 🎯.
Stop-Loss: Place at $1.2100 to manage downside risk 🔒.
2️⃣ For Short Positions:
Entry: Look for rejection near $1.2500 or a breakdown below $1.2000 📉.
Targets: Aim for $1.1500 🏹.
Stop-Loss: Set just above $1.2300 to limit losses 🚫.
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💡 Momentum Check
📊 Volume: Rising volume will confirm momentum and validate potential breakout or breakdown 🚦.
📈 Indicators: Keep an eye on RSI and MACD for bullish signals or possible reversals 🔍.
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⚠️ Will Fantom Break Resistance or Face Consolidation? Stay alert, trade with a strategy, and take advantage of the next big move! 💥