Trading Signals for Fantom
Action: Buy $FTM
Entry: $0.98 - $1.02
TP1: $1.10
TP2: $1.20
SL: $0.90
DCA: $0.85 - $0.88
Short-term Uptrend: Despite a -5.37% dip in the last 24 hours, FTM is up 39.69% in the last 7 days and has shown significant growth over the past 30 to 90 days, indicating strong bullish sentiment.
Support and Resistance: Current support is near $0.98 (24-hour low), while resistance lies near $1.10 (24-hour high). A breakout past $1.10 may push towards $1.20 or higher.
Risk Management: SL is set below critical support to minimize losses. Dollar-cost averaging (DCA) provides an opportunity to lower entry costs if prices retrace further.
$FTM
Trade at your own risk. DYOR.
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