FTM/USDT: Wave Pattern Indicates 80% Upside Potential 🔥💥

$FTM

FTM

Technical Analysis:

1. Price is currently at $0.7892, down 4.63%

2. Wave pattern suggests completion of ABC correction at point (C)

3. Fibonacci retracement level at 0.786 aligns with potential reversal zone

4. Two Target Areas Identified:

- First Target: ~1.20-1.30 $ (Wave 3)

- Second Target: ~1.30-1.50 $ (Wave 5)

Trade Setup:

- Entry Zone: $0.75-0.78

- Stop Loss: Below Point (C) Around 0.70 $

- Risk/Reward ratio of about 1:3 for the first target

Key points:

- Bullish divergence is forming at current levels

- Price testing the ascending trendline support

- Wave structure suggests the start of a new impulsive wave

Caution:

- Wait for confirmation of the reversal with price action

- Consider position size due to the volatility of the crypto market

- Monitor BTC correlation for trade validation

For those wishing to participate in the collective wallet

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