๐ $FTM /USDT Technical Analysis: Breakout Momentum Continues!
$FTM /USDT is showing impressive bullish strength, currently trading at $1.4127 (+12.91%). After a sharp breakout from the $1.20 region, FTM is consolidating slightly below the recent high of $1.4782, signaling room for further upside. Letโs identify key levels and targets for traders.
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๐ Technical Analysis
1. Resistance Levels (Targets):
Target 1: $1.45 โ Immediate resistance; a clean breakout here could trigger more upside.
Target 2: $1.50 โ Psychological resistance and key breakout level to confirm bullish continuation.
Target 3: $1.60 โ Extended target with room for an upward push as momentum builds.
2. Support Levels:
Support 1: $1.40 โ Immediate support zone to maintain the bullish trend.
Support 2: $1.35 โ Deeper support where buyers may re-enter for further strength.
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๐ Market Insights
24h High: $1.4782 โ Strong upward movement indicates active buying pressure.
Volume Surge: FTM's volume reached 127.15M, showcasing strong market participation.
Trend Confirmation: Higher highs and higher lows on the 30-minute chart confirm a bullish uptrend.
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๐ฏ Trading Strategy
Entry Zone: $1.40 - $1.42
Targets: $1.45 / $1.50 / $1.60
Stop Loss: Below $1.35
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โ ๏ธ Risk Management Tip
Monitor volume closely as FTM approaches resistance at $1.45. A strong breakout with increasing volume signals the next leg up toward $1.50 and beyond.
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Stay focused on the trend and trade smartโFTM/USDT is showing strong potential for further gains. Available now on Binance!
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