Market Alert: $FTM Short Liquidation Ignites Bullish Potential!
A massive short liquidation of $32,123 was triggered at $0.85285, marking a pivotal moment for $FTM.
This liquidation signals growing market momentum and the potential for a significant price breakout.
Key Details:
Liquidation Level: $0.85285
Amount Liquidated: $32.123K
Market Implication: Shorts forced to cover could drive substantial upward pressure.
Next Move:
1. Watch Resistance: Monitor $0.8700-$0.9000 for signs of a breakout.
2. Upside Targets: If momentum persists, $FTM could aim for $0.9200 or higher.
3. Stop-Loss Placement: Place a stop-loss at $0.8350 to mitigate potential downside risks.
Traders should prepare for heightened volatility as $FTM reacts to this key event. The opportunity for a rally is on the horizon—stay focused.