Crypto-Muqaddas
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Bullish
The $FTM USDT 4-hour chart shows a strong upward movement after bouncing off a key support near $1.10. The price currently trades at $1.3717, up 2.06%, but shows signs of a minor pullback after hitting resistance around $1.45.
Long Position:
Entry: Consider entering a long trade if the price holds above $1.35, as it is now testing this level as support.
Stop Loss: Place a stop loss at $1.29 to protect against deeper corrections.
Target: The next resistance is near $1.45-$1.50. A breakout above $1.50 could push the price to $1.60.
Short Position:
Entry: If the price fails to hold above $1.35 and starts declining below this level, consider entering a short position.
Stop Loss: Place a stop loss at $1.39, above recent highs.
Target: The immediate downside target would be $1.25, followed by strong support at $1.20.
Conclusion: Wait for confirmation at $1.35. A bounce could trigger a long trade, while a breakdown below this level favors shorts. Use strict stop losses and manage risk to avoid reversals.
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Long Position:
Entry: Consider entering a long trade if the price holds above $1.35, as it is now testing this level as support.
Stop Loss: Place a stop loss at $1.29 to protect against deeper corrections.
Target: The next resistance is near $1.45-$1.50. A breakout above $1.50 could push the price to $1.60.
Short Position:
Entry: If the price fails to hold above $1.35 and starts declining below this level, consider entering a short position.
Stop Loss: Place a stop loss at $1.39, above recent highs.
Target: The immediate downside target would be $1.25, followed by strong support at $1.20.
Conclusion: Wait for confirmation at $1.35. A bounce could trigger a long trade, while a breakdown below this level favors shorts. Use strict stop losses and manage risk to avoid reversals.
#BinanceAirdropsCATandPENGU #VANAOpening #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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