The price of $FTM /USDT is currently $0.6535, showing a significant increase of 13.02%. The resistance level stands at $0.6688, and the support level is placed at $0.5555. With this upward momentum, traders may want to keep an eye on the price breaking above the resistance level to confirm further bullish movement.
For those considering a long trade, entering above the $0.6688 resistance could lead to potential targets at $0.6800, $0.7000, and $0.7200. To manage risk, a stop loss should be placed near the $0.6047 level. This setup allows traders to take advantage of the bullish trend while protecting their positions in case of a reversal.
On the other hand, if the price drops below $0.6047, a short trade could be considered. In this case, targets would include $0.5555, $0.5306, and $0.4665, with a stop loss at $0.6688. This strategy provides an opportunity to profit from a potential downturn while minimizing risk if the price bounces back up.
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