๐ FTM/USDT Technical Analysis: Is Fantom Ready to Breakout? ๐ฅ
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๐ Key Support & Resistance Levels
๐ธ Resistance:
Immediate resistance stands at $1.2500 ๐ง.
A successful breakout could propel FTM toward $1.3000 and $1.3500 ๐, signaling a bullish continuation.
๐ธ Support:
Strong support is at $1.2000 ๐ก๏ธ.
A drop below this could lead to a decline toward $1.1500 ๐ป.
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โก Trading Strategy
1๏ธโฃ For Long Positions:
Entry: Wait for a confirmed breakout above $1.2500 with strong volume ๐.
Targets: Set targets at $1.3000 and $1.3500 ๐ฏ.
Stop-Loss: Place at $1.2100 to manage downside risk ๐.
2๏ธโฃ For Short Positions:
Entry: Look for rejection near $1.2500 or a breakdown below $1.2000 ๐.
Targets: Aim for $1.1500 ๐น.
Stop-Loss: Set just above $1.2300 to limit losses ๐ซ.
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๐ก Momentum Check
๐ Volume: Rising volume will confirm momentum and validate potential breakout or breakdown ๐ฆ.
๐ Indicators: Keep an eye on RSI and MACD for bullish signals or possible reversals ๐.
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โ ๏ธ Will Fantom Break Resistance or Face Consolidation? Stay alert, trade with a strategy, and take advantage of the next big move! ๐ฅ