🚀 FTMUSDT Technical Analysis 🚀
📈 Short-term trend: Bearish 📉
(below 10/20 EMA)
💪 Long-term trend: Bullish 🚀
(above 100 EMA)
🔥 Key Indicators: 🔥
MACD: Bearish momentum 📉
RSI: Neutral, but nearing oversold territory 🤔
✨ Fibonacci Retracement: ✨
Price at 50% retracement level (significant support/resistance) 🎯
Potential decline to 1.3300 - 1.3200 if breaks below 50% 🔻
Potential rise to 1.3600 - 1.3700 if bounces from 50% 🔺
✨ Fibonacci Extension: ✨
Price at 161.8% extension level (potential resistance) 🎯
Potential rise to 1.3700 - 1.3800 if breaks above 161.8% 🔺
👀 Other Observations: 👀
Low volume suggests indecision 🤔
50% retracement and 161.8% extension are key levels to watch 👀
🚀 Trading Strategy: 🚀
Short-term: Consider short position with stop-loss below 50% retracement 📉
Long-term: Consider long position if price breaks above 161.8% extension 📈
🚨 Disclaimer: This is for educational purposes only, not financial advice. 🚨