$FTM

FTM Pressured Adjustment, $0.9540 Support Becomes Key Focus

Market Analysis

FTM is currently priced at $0.9660, down 1.40% on the day. From a daily perspective, the MA(7) moving average is exerting downward pressure, and the MACD momentum bars continue below the zero line, indicating that bears have the advantage, but the $0.9540 area has some support.

Key Levels

• Support Levels: $0.9540, $0.8800

• Resistance Levels: $1.0000, $1.0500

Trading Strategy

1. Bullish: If the price stabilizes at $0.9540, consider entering a long position with a light position size, targeting $1.0000, and if broken, look towards $1.0500, with a stop loss at $0.9400.

2. Bearish: If the price breaks below $0.9540, consider placing a short position, targeting $0.8800, with a stop loss at $0.9700.

Trend Outlook

Short-term FTM trend is weak, focus on the performance of $0.9540 support, as this level will determine the direction of future rebounds or continued declines.

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