$FTM

Current Setup

1. Symmetrical Triangle Pattern

This is a continuation pattern indicating a potential breakout as price consolidates. The weekly chart signals the end of compression, often leading to a strong directional move.

A breakout above key resistance levels confirms bullish sentiment.

2. Key Resistance Levels

Immediate Resistance: $1.20

This level acts as a significant hurdle. A strong weekly close above this zone indicates bulls are in control.

Target Levels:

Midterm Target: $3.20 (approx. 166% gain from $1.20)

This target aligns with historical resistance and Fibonacci extensions.

Indicators Supporting the Move

Volume Expansion: An increase in volume post-breakout would validate the strength of the move.

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