$FTM /USDT: Is This a Healthy Correction or the Start of a Downtrend?
$FTM is trading at $0.7097, up by 8.25% after hitting a 24-hour high of $0.7635. The price is experiencing a pullback after a sharp rally, with traders assessing whether this is a temporary dip or the beginning of a reversal.
Trade Setup
Entry Point: $0.7097
Targets to Watch
1. First Target: $0.7350
2. Second Target: $0.7600
3. Third Target: $0.7800
Support Levels
Immediate support at $0.7000, with critical support at $0.6800.
Analysis
The RSI at 47.09 suggests neutral conditions, leaving room for both upward and downward moves. A breakout above $0.7350 could signal renewed bullish momentum, while failure to hold $0.7000 may lead to further declines toward $0.6800. Monitor volume to confirm the next move.