Fantom (FTM) Short Signal : Key Price Targets and Potential Opportunities**

#FANTOM. #Ftmusdt #Fantom: #Write2Earn! #BinanceSquareFamily

Fantom (FTMUSDT) presents a promising shorting opportunity on the 4-hour timeframe. After completing a **5-wave Elliott pattern**, FTM has entered a correction phase, forming an **ABC correction**. The emergence of a Head and Shoulders pattern supports a potential short entry if the neckline breaks.

šŸŽÆ Price Targets :

- **Target 1:** $0.53

- **Target 2:** $0.44

- **Target 3:** $0.32

ā³ Correction Period :

Expected from late December 2024 to early January 2025, this timeframe allows traders to take advantage of downward price action. These levels also offer potential entry points for long positions if a new bullish wave follows the correction.

āš ļø Risk Management : Use a stop loss just above the neckline to protect against unexpected price movements.

Conclusion & Advice :

For traders considering short positions in FTM, monitoring the Head and Shoulders neckline break is crucial. Setting well-placed stop losses can limit risk, and remaining attentive to the price targets will help in making timely re-entry decisions for potential bullish movements post-correction.