Fantom (FTM) bulls may be catching their breath after a recent price dip. FTM found support at $0.80 on the daily timeframe chart, following a fall from a high of $1.22 .
If FTM breaks above the current resistance, key levels to watch include:
First Resistance : $0.94 - A successful breakout above this level could indicate further bullish momentum.
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FTMUSDT
TF: 1D
Side: Long
Pattern: 78.6 Fib Retracement Bounce
Leverage: 5x
Entry: $0.2483349
SL: $0.2209672
TP 1: $0.2802929
Hold for few days. Should get one giant daily green candle to hit that TP so set limit order at that TP.
You can hold longer if you want but I am just going for the TP 1.
Will not use SL myself, will aim to DCA the position as usual.
As we can see in the chart after quite a while of downtrend we reached to a super strong support area which has been holding since 2021, as well as obvious divergence in RSI, giving us an extreme bullish sign.
NFA and good luck.
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Here we have our FTMUSDT chart.
After the very recent fall, We are looking long at the current price action level. We are seeing longer term continued uptrend and price rejection. We are approaching the KEY 200 MA and...
I'm bullish on Fantom. Looking at the big picture, it's in a bearish trend for now, but is getting closer and closer to the breakout point, which should take no more than 7-9 days. The breakout should be the start of an overall bullish trend on FTM. The nearest target after the breakout is 2.7 and further onto ATH.
Hello everybody
Fantom is one of the most powerful and amazing project and ecosystem that is working on ...
According to the chart you can see the price is near to the one of the most sensitive area of supporting and we expect the price drop another time to reach to this area again and after that is ready to go and reach to the target
Dont forget at first take...
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
Fantom is about to jet-speed...
FTM at a good support level, find key entry-level, Take profits in the TA
$FTM
Trade safe....
#ftm #e2kclicks
