FTM LONG LIQUIDATION ALERT:
Total Liquidation: $10.793K
Price at Liquidation: $0.83023
Entry Point:
The entry point for $FTM was strategically positioned around $0.83000, aiming for a breakout that didn't materialize as anticipated.
Target Price:
The initial target price was set at $0.90000, reflecting a bullish sentiment in the market for $FTM.
Stop Loss:
A stop loss was wisely placed at $0.81500, providing a buffer to minimize losses in case of an adverse market movement.
Market Analysis:
In recent sessions, $FTM showed strong resistance around $0.85000.
Technical indicators suggested bullish momentum with potential for further upside, but market sentiment shifted, leading to the liquidation.
Win-Loss Ratio:
This set-up presents a favorable win-loss ratio of 2:1, aiming for a significant reward relative to the risk taken.
Conclusion:
Traders must remain vigilant and monitor critical support levels for $FTM moving forward.
The market’s volatility necessitates proactive risk management and reassessment of strategies to achieve future gains.
Investment Disclaimer
Investments are subject to high market risks, including extreme volatility, regulatory changes, and the potential loss of principal. Past performance does not guarantee future results. Always assess your risk tolerance, conduct thorough research, and consult a financial advisor before making any investment decisions.