Analyzing the 4-hour chart for $FTM /USDT, we can see the following:

1. Current Price and Trend: The price is trading at $1.4196 after breaking above the upward trendline (highlighted in red). This breakout indicates strong bullish momentum in the short term.

2. Long Entry: A long position can be taken if the price consolidates above $1.42 or pulls back to retest the breakout trendline as support. Confirmation on lower timeframes would add strength to this entry.

Stop Loss for Long: Place a stop loss at $1.36 to protect against a failed breakout.

Target for Long: The first target can be set at $1.50, which is a psychological resistance level, and the next target around $1.55 for extended momentum.

3. Short Entry: A short trade should only be considered if the price falls back below $1.38, invalidating the breakout and indicating a fake-out or trend reversal.

Stop Loss for Short: Place a stop loss at $1.45 to limit risks on upside moves.

Target for Short: The downside target for shorts would be $1.30, and extended weakness could drive the price toward $1.25.

4. Volume Analysis: The increasing volume indicates buyer confidence. If the volume remains strong, the upward momentum will likely continue.

Summary:

Long: Entry at $1.42 (or retest), Stop Loss $1.36, Targets $1.50 and $1.55.

Short: Entry below $1.38, Stop Loss $1.45, Targets $1.30 and $1.25.

Traders should wait for confirmation and use proper risk management to align with the prevailing market structure.

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