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๐๐ ๐๐จ๐ข๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: ๐๐ฒ๐ฆ๐ฆ๐๐ญ๐ซ๐ข๐๐๐ฅ ๐๐ซ๐ข๐๐ง๐ ๐ฅ๐ ๐๐ข๐ ๐ง๐๐ฅ๐ฌ ๐๐๐๐ซ๐ข๐ฌ๐ก ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค๐ฅ๐ฅ๐ฅ
Coin:
$FTM Trade Strategy: Short Position
On the 15-minute timeframe,
$FTM has developed a Symmetrical Triangle pattern, a formation often associated with significant price movement. This technical setup indicates a decisive moment for the coinโs trajectory. A break below the lower boundary of the triangle could trigger a bearish trend, with an anticipated price decline of approximately 8%, based on calculated projections.
Traders should closely monitor the price action near the triangleโs support level. If the breakdown occurs, it may present an opportunity for short positions. However, itโs essential to remain vigilant and use risk management strategies, as false breakouts can occur in volatile markets.
This pattern highlights the importance of keeping an eye on FTMโs price dynamics as it approaches a pivotal point. For traders aligned with the short-term bearish outlook, this setup offers a potential entry into the market while emphasizing the need for caution and precision.
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