$FTM /USDT: Seize the Dip Opportunity with Clear Targets!
#Fantom ($FTM) is trading at $0.6581, down 15.07% over the last 24 hours, as the market experiences heightened sell pressure. This presents an intriguing opportunity for both short and long-term traders.
Key Levels to Watch:
1. Support Zones:
$0.6179: Immediate critical support; holding above this could trigger a bounce.
$0.5900: Deeper support level for potential accumulation.
2. Resistance Levels:
$0.6700: The first hurdle for bulls to regain control.
$0.7000: A strong resistance to breach for sustained upward momentum.
Trade Setup:
Long Trade:
Entry: Above $0.6650
Targets: $0.6800, $0.7000
Stop-Loss: $0.6400
Short Trade:
Entry: Below $0.6400
Targets: $0.6200, $0.6000
Stop-Loss: $0.6650
Market Insight:
The RSI shows signs of recovery from oversold conditions, while the MACD hints at a potential reversal. A surge in volume could drive price action sharply, so timing entries and exits is critical.
Use tight stop-losses to manage risk in this volatile market. Watch for a clear breakout or breakdown at key levels before committing to a position!