FTM/USDT Analysis:
The price is 0.4971, near the daily low of 0.4956. It had a good run, bouncing from 0.4665 to 0.5265, but it's pulled back now. The EMAs around 0.5045-0.5071 are acting as resistance, so it needs to break above them for momentum to pick up.
Hereâs the play:
1. Long Position:
- If 0.4956 holds, go long around 0.496-0.497.
- For safety, wait until it breaks 0.5045 (EMA) for confirmation.
- Stop-loss: Below 0.492.
- Take-profit: First target at 0.52, second at 0.53-0.54.
2. Short Position:
- If 0.4956 breaks, short it.
- Target 0.48 and 0.4665.
- Stop-loss: Around 0.505.
Bottom line:
Watch 0.4956 support. If it holds, go long; if it breaks, consider shorting. Keep an eye on BTC, as it could drag FTM down.
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #ftmpump #Write2Earn!
