A significant long position of $81,000 in Fantom $FTM was liquidated at $0.819, indicating a notable bearish move.
Support and Resistance Levels:
Support: $0.62, then $0.50
Resistance: $0.75, then $0.85
Recommendation:
Given the current price near $0.82 and the recent liquidation, caution is advised.
.The price is approaching the resistance zone between $0.75 and $0.85.
. If $FTM fails to break above this resistance, it may be prudent to consider selling or avoiding new long positions.
.Conversely, a decisive move above $0.85 could signal a buying opportunity.
.Always conduct your own research and consider your risk tolerance before making trading decisions.