$FTM Liquidation Warning!
A long position of $74.9K was liquidated at $1.268, signaling rising pressure on buyers as the price approaches critical levels.
Current Market Dynamics
• Key support zone: $1.21 — Breaching this level might trigger further downside.
• Resistance barrier: $1.20 — Bulls must reclaim this to regain momentum.
Strategic Outlook
🔹 Bearish approach: A break below $1.15 could push $FTM toward $1.10 or lower.
🔹 Bullish strategy: A sustained recovery above $1.20 might open the path for a rally toward $1.25.
Trading Tip:
Keep stops tight, as FTM is prone to sharp moves after liquidation events. Monitor volume and momentum for better clarity.
Stay vigilant; the next big move could be around the corner!
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