🚨 $FTM /USDT ALERT: BULLISH MOMENTUM WITH HIGH POTENTIAL – TARGETS AHEAD! 🚨
$FTM has rallied 19.49%, currently trading at $1.2564, after hitting a 24-hour high of $1.3500. With a sharp surge in volume and price action, Fantom is showing strong bullish momentum. Let’s analyze the critical levels to watch:
Key Levels to Watch:
1️⃣ Target 1: $1.3000
FTM could revisit this level as a near-term resistance if the bullish trend continues.
2️⃣ Target 2: $1.4000
A breakout above the first target may push FTM toward this next significant resistance level, inviting additional buyer interest.
3️⃣ Target 3: $1.5000
Sustained bullish sentiment and high trading volume could drive FTM to this psychological resistance, marking a strong rally.
Support Zone:
Immediate Support: $1.2300
Holding this level is critical to maintaining upward momentum. A break below may result in a retest of $1.1000.
Trade Setup:
Long Entry: Consider entering on pullbacks near $1.2500 or a breakout above $1.3000.
Stop Loss: Place a stop loss below $1.2300 to minimize downside risk.
Take Profit Levels: $1.3000, $1.4000, $1.5000.
Cautionary Note:
FTM's recent upward momentum has increased its volatility. Traders should monitor volume closely and manage their risk effectively for optimal results.