$FTM Here’s a detailed analysis of Fantom (FTM) based on the recent long liquidation:
Current Analysis.
Liquidation Data: A $5.2083K long liquidation occurred at $0.94782.
Price Action: The market shows volatility, possibly driven by high leverage. After liquidations, prices often retrace to stabilize or test key levels.
FTM Technical Analysis.
Support and Resistance Levels.
1. Support Levels (Buy Zones):
$0.9000–$0.9200: Strong demand zone where buyers are likely to step in.
$0.8500: Critical support level if breached, further downside risk exists.
2. Resistance Levels (Target Zones):
$0.9800–$1.0000: Immediate resistance. Price must break this level for a bullish continuation.
$1.0500–$1.1000: Strong selling pressure may appear here.
Trading Strategy.
1. Buy Zone:
Enter between $0.9000–$0.9200.
2. Targets:
Target 1: $0.9700
Target 2: $1.0000
Target 3: $1.0500
3. Stop-Loss:
Place the stop-loss below $0.8500 to protect against further downside.
Risk Management.
Position Sizing: Invest only 1–2% of your total capital per trade.
Leverage: Avoid high leverage in volatile markets to reduce liquidation risks.
Key Observations.
If the price breaks below $0.8500, expect further declines toward $0.8000 or lower.
A breakout above $1.0000 with strong volume can lead to a trend reversal and higher targets.
Final Thoughts.
Monitor market sentiment and volume before entering trades. High liquidations can signal potential reversals, but always stick to your trading plan.
If you need further updates, let me know.
#FTM/USDT #ChristmasMarketAnalysis #BTCNextMove #USUALAnalysis #CorePCESignalsShift