$FTM

💹 FTM/USDT Technical Analysis: Fantom on the Verge of a Breakout? 🚀

FTM/USDT is trading at $1.2226, consolidating near key levels as traders prepare for the next move. Let’s dive into the technicals and trading strategies:

📊 Support & Resistance Levels:

Resistance: Immediate resistance lies at $1.2500, a critical barrier. A breakout above this could push the price toward $1.3000 and possibly $1.3500, marking a bullish continuation.

Support: Strong support is holding at $1.2000, a level that has provided stability. A breakdown below this could send the price toward $1.1500.

⚡ Trading Strategy:

1️⃣ For Long Positions: Look for a breakout above $1.2500 with strong volume. Target $1.3000 and $1.3500, with a stop-loss at $1.2100.

2️⃣ For Short Positions: A rejection at $1.2500 or a breakdown below $1.2000 could signal shorting opportunities. Target $1.1500, with a stop-loss above $1.2300.

💡 Momentum Check:

Watch for rising volume and bullish signals on RSI and MACD to confirm an upward trend. A failure to break resistance may signal consolidation or reversal.

📈 Is Fantom ready to break free, or will it take a breather? Stay sharp, manage your risk, and make your move! 🔥

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