$FTM Long Liquidation: $32.8K at $0.811 đ„
The bulls on Fantom ($FTM) just faced a major setback as a massive $32.8K long position was liquidated at $0.811. This liquidation reveals intense selling pressure, shaking out overleveraged positions in a volatile market environment.
Market Signals
1. Bearish Momentum: The break below $0.811 suggests weakening bullish strength and potential continuation of the downtrend.
2. Key Levels to Watch:
Support: $0.80 (critical psychological level).
Resistance: $0.83 (if buyers regain control).
Whatâs Next for $FTM?
Downside Risk: Further sell-offs could target $0.78 if bearish pressure intensifies.
Reversal Potential: If $0.80 holds as support, we might see a relief rally toward $0.82+.
đĄ Traderâs Takeaway:
Short-term traders: Capitalize on volatility but remain cautious of sharp reversals.
Long-term investors: Consider this dip as an accumulation zoneâbut only if $FTM reclaims $0.815 with strong volume.
Will $FTM bounce back, or are the bears just getting started? Keep a close eye on the charts!