$FTM Liquidated Short Analysis

🎯 Current Short Liquidation at $29.4K, Price: $0.768

Market Overview

$FTM (Fantom) has seen significant volatility, leading to short liquidation at $0.768. This could indicate strong buying momentum in the short term, with potential recovery or a continued trend.

Trading Strategy: Buy Plan

Below is the suggested buy zone, targets, and stop loss:

Buy Zone

Enter: $0.745 to $0.765

Tip: Accumulate within this range for a safe entry.

Targets (Take Profits)

Target 1 (Short-Term): $0.795

Target 2 (Mid-Term): $0.820

Target 3 (Long-Term): $0.860

Stop Loss

Place a strict stop loss at $0.730.

Reason: A drop below $0.730 may indicate bearish continuation.

Key Tips for Traders

1. Volume Watch: Ensure strong buying volume near the entry zone.

2. Risk Management: Use only 1-2% of your portfolio for this trade.

3. News & Sentiment: Monitor market updates on Fantom, as news can drive quick changes.

4. Trailing Stop: If price moves towards $0.795, adjust your stop loss to $0.770 to secure profits.

🚀 Possible Scenario: If $FTM breaks above $0.795 with volume, we may see an extended rally towards $0.860. Stay vigilant and trade smart!

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