$FTM /USDT ALERT: Critical Price Action at $0.9347!

$FTM has dropped by 5%, currently trading at $0.9347. The coin is showing bearish momentum following a sharp rejection from the $1.0543 resistance level. With a 24-hour low of $0.9024, volatility is increasing, and key levels must be watched closely.

Key Levels to Watch:

Resistance: $1.0062 (immediate) and $1.0543 (strong barrier)

Support: $0.9024 (critical) and $0.8948 (major fallback level)

Trade Setup:

Long Entry: If the price reclaims $1.0062, potential targets are $1.02 and $1.05.

Short Entry: If $0.9024 breaks, watch for downside targets at $0.89 and $0.87.

Stop-loss: Place below $0.89 for longs and above $1.01 for shorts.

Market Insight: FTM's upcoming redenomination on January 13, 2025, could increase volatility. Traders should manage positions cautiously and anticipate sharp moves as the date approaches.

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