$FTM /USDT Technical Analysis

Current Price: $0.7739

Trend: Bullish Momentum

The recent price action shows a strong upward movement, breaking resistance levels with increasing volume. This indicates that bulls are in control. The Layer-1 blockchain narrative is also contributing to the positive sentiment.

Key Levels to Watch:

Support Level: $0.7400

Resistance Level: $0.7800

Trade Signal

Entry Point: $0.7700 (Wait for a slight pullback or confirmation of momentum).

Stop-Loss: $0.7400 (To manage risk).

Targets 🎯

1. Target 1: $0.7900 (Short-term profit-taking zone).

2. Target 2: $0.8200 (Mid-term resistance).

3. Target 3: $0.8600 (Potential breakout level).

Trade Momentum

15-Minute Chart: Strong bullish momentum with higher highs.

1-Hour Chart: Consolidation with a bullish bias.

4-Hour Chart: Clear uptrend supported by rising RSI and MACD crossovers.

Trade Strategy

If price sustains above $0.7800 with volume, FTM could rally further towards the higher targets.

Monitor overall market sentiment and Bitcoin's movement, as it can impact FTM.

Risk Management: Allocate only a small portion of your capital and adjust your stop-loss as the price moves in your favor.

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