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FANTOM TOKEN ANALYSIS
Coin Name : $FTM
Trade Type : Short
On the 15-minute chart, FTM Coin has formed a Symmetrical Triangle, signaling a critical point for price action. If the price breaks below the triangle, we could see a bearish movement with a potential 8% drop, based on technical calculations.
#FTM.
On the Bitcoin Dominance Index, an Ascending Triangle has formed, which is a bullish pattern for BTC dominance. This indicates a strong likelihood that Bitcoin will outperform altcoins in the near term.
#BTC Dominance
Upon examining the liquidity heatmap for FTM Coin, we notice a significant concentration of liquidity below the current price level.
Short Term Setup :
Entry : 1.0283
1st TP : 0.9973
2nd TP : 0.9871
3rd TP : 0.9564
Trade Type : Short
On the 15-minute chart, FTM Coin has formed a Symmetrical Triangle, signaling a critical point for price action. If the price breaks below the triangle, we could see a bearish movement with a potential 8% drop, based on technical calculations.
#FTM.
On the Bitcoin Dominance Index, an Ascending Triangle has formed, which is a bullish pattern for BTC dominance. This indicates a strong likelihood that Bitcoin will outperform altcoins in the near term.
#BTC Dominance
Upon examining the liquidity heatmap for FTM Coin, we notice a significant concentration of liquidity below the current price level.
Short Term Setup :
Entry : 1.0283
1st TP : 0.9973
2nd TP : 0.9871
3rd TP : 0.9564
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