$FTM /USDT Technical Analysis - Binance

📊 Current Price: $0.9440 (-5.10%)

⏰ Timeframe: 30m

Analysis & Targets

Fantom ($FTM ) is in a bearish trend, currently testing key support levels. Traders should focus on the following targets:

1️⃣ Target 1: $0.9600

Immediate resistance level; a breakout above this could indicate a short-term recovery.

2️⃣ Target 2: $0.9800

Key resistance where selling pressure is likely. Watch for increased trading activity.

3️⃣ Target 3: $1.0000

Psychological resistance and a critical zone for a bullish reversal.

Strategy

📈 Bullish Case: Monitor for a breakout above $0.9500. Partial profit-taking is recommended at each target as resistance levels are tested.

📉 Bearish Case: If FTM drops below $0.9400, expect further downside with potential support at $0.9200.

⚠️ Risk Management:

Set stop-loss below $0.9300 to minimize losses.

Position sizing should account for the ongoing high volatility.

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