$FTM /USDT Technical Analysis Alert – Potential Breakout Incoming! ‼️
$FTM is showing a steady climb inside an ascending channel, hinting at upcoming volatility. The price is currently $0.6974, with bulls and bears wrestling for control. This structure often leads to significant breakouts, so traders need to stay sharp!
Current Price: $0.6974
💡 Key Levels to Watch: 💡
Resistance: $0.7130 – This level has capped recent upward moves, signaling a breakout could trigger a bullish surge.
Support: $0.6900 – Holding firmly as the lower boundary of the channel. If breached, expect bearish pressure to intensify.
📉 Trade Setups to Watch:
Bullish Entry: Enter above $0.7130 if resistance breaks. Set targets at:
TP1: $0.7200
TP2: $0.7350
TP3: $0.7500
Stop Loss: $0.6900 to protect against unexpected dips.
Bearish Entry: Enter below $0.6900 if support fails. Target levels:
TP1: $0.6750
TP2: $0.6650
Stop Loss: $0.7130 to avoid getting trapped in a bull run.
⚡ Momentum Building: The price action shows narrowing moves within the channel, indicating a high-impact move is imminent. Watch for volume spikes to confirm a breakout or breakdown.
Stay ahead of the curve – timing is key! Will you ride the rally, or catch the pullback? 🎯
#FTM #DoYouHoldBNB #BTCUptober #10MTradersLeague #Write2Earn!