$FTM Technical Analysis: $39.9K Long Liquidation at $1.139
A hefty $39.9K long liquidation at $1.139 has shaken up #FTM , driving fear into the market. But seasoned traders know — when panic sets in, opportunities often emerge.
🔹 Price Action: $FTM is teetering around $1.139, a crucial support zone. If buyers step up here, a rebound toward $1.20 is possible. However, a breakdown below this level could push the price toward $1.10 or even $1.05.
🔹 Support Levels: Immediate support lies at $1.10. Holding this level could indicate a reversal is near. A failure to hold may lead to deeper corrections.
🔹 Resistance Levels: To regain bullish momentum, #FTM needs to break above $1.15 and then push past $1.20. A successful breakout could fuel a run to $1.25 and beyond.
💥 Opportunity Amid Fear: Liquidations flush out weak hands, often setting the stage for a reversal. If support holds, this dip could present a prime entry before #FTM charges higher.