$FTM /USDT - Retracement or Opportunity?

Current Price: $0.8241 (-5.82%)

24H High: $0.9225

24H Low: $0.8183

FTM is experiencing a pullback after reaching a recent high of $0.9225. The price is currently testing a critical support level near $0.8180, and the next move will determine whether this is a healthy retracement or a deeper correction.

Key Levels to Watch:

Resistance: $0.8500 (short-term), $0.8900 (trend reversal)

Support: $0.8180 (immediate), $0.8000 (psychological level)

Next Steps:

Bullish Scenario: A bounce above $0.8500 could reignite buying momentum, targeting $0.8900 or higher.

Bearish Scenario: Breaking below $0.8180 may lead to a drop toward $0.8000.

Market Sentiment:

Weakness in momentum indicators suggests a cautious approach. Watch for increased volume to confirm direction.

Strategy:

Consider accumulating if support holds at $0.8180.

Stop loss recommended below $0.8000 for risk management.

Stay updated for the next move on $FTM/USDT!

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