$FTM here's the analysis for the next 12 hours on the FTM/USDT pair:
Price Analysis
1. Main Trend:
The current trend is upward with minor corrections (the latest candlestick indicates a pullback).
Price remains above the Moving Average (MA) line, signaling that the bullish trend is still intact.
2. Key Indicators:
MACD: Positive histogram and signal line above zero, indicating bullish momentum, although a potential bearish crossover may occur.
RSI: RSI is near overbought levels (around 62), suggesting possible consolidation or mild correction.
Stochastic: Starting to move down from the overbought area, signaling a short-term correction.
Volume: Relatively high, indicating significant market activity.
3. Key Levels:
Resistance: $0.94 (recent high).
Support: $0.88 (MA 9 line) and $0.85 (previous key support level).
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Entry and Stop Loss Strategy
1. Entry Buy:
Wait for a correction to the support area of $0.88–$0.89 for a buy entry. If the price doesn't reach this level, wait for a breakout above $0.94 with strong volume.
A conservative entry can be made if the price holds above $0.90 with a bullish candlestick confirmation.
2. Stop Loss:
Place a stop loss below $0.85 to anticipate a trend reversal.
3. Take Profit:
First target at $0.94 (nearest resistance).
Second target at $0.98–$1.00 (potential psychological resistance).
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Risks and Notes
Be cautious if the price drops below $0.85, as this could trigger a new bearish trend.
Monitor volume movements to validate any breakout or breakdown.
Always apply risk management according to your capital (e.g., maximum risk of 1-2% per trade).
Adjust this analysis based on your trading style and the ever-changing market conditions!