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FANTOM/TETHER USD PERPETUAL CONTRACT

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FTMUSDT.P trade ideas

Fantom breakout incomingFTM 1day putting in higher lows off the local bottom but needs to start closing outside 0.75 area to hit higher highs Price is breaking out of the downward trendline that took FTM on a 54% correction before wicking to the bottom Bollinger bands are in the squeeze and so back the breakout On the contrary to this idea the Velo data suggests that this latest move is primarily leverage trading which is not perfect and could see more volatility Spot buyers stepping in will confirm the trend change is real MACD is good to go and an rsi above 50 all looks real but we need to see Spot returning
Long
by Hollowzep
FTMUSDT, Going up for long term holderWelcome, Trader. Welcome to our crypto community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to cryptocurrency. We are willing to discuss #FTMUSDT💹. #FTMUSDT 🔥🚀. ___________ Update: Time Frame: weekly ➡️ FTMUSDT has formed a consolidation zone. ➡️ Breakout confirmation is already completed 🚀. ➡️ Retest confirmation is already completed. ➡️ Awaiting weekly candle closing. ➡️ We anticipate a 150% increase in the near future. 👉✅.
Long
by CryptoAnalystHub
💡📈 "FTM Coin Analysis: Trends & Opportunities" 🚀🔍🔍 Let's conduct an in-depth analysis of the esteemed cryptocurrency, FTM, and identify our potential setups in the lower timeframes. 📊 In the weekly timeframe, contrary to the majority of coins, FTM has broken free from its prolonged weekly range after approximately 600 days, advancing towards the significant resistance level of 1.0950. This bullish movement was corroborated by an increase in volume, affirming the trend. 🔻 Upon encountering this resistance and with sellers re-entering the market, red candles reappeared, driving the price down to 0.6326. Nevertheless, this decline was marked by a reduction in volume, which underscores the robustness of our upward trend, suggesting that this may merely be a pullback to the weekly range. 🧐 I delved deeper into the nature of such movements to ascertain the underlying causes. It appears that traders who liquidated their holdings at the resistance and now observe FTM's commendable upward trajectory are motivated to reacquire their positions at the same price levels, thus transforming the previously breached resistance into a pivotal support through their buy orders. 📉 Now, let's shift our focus to a lower timeframe for futures trading analysis. For short positions, our support is well-defined, and upon breaking the critical support at 0.6326, we can initiate a short position aligned with our 4-hour trend. However, it is imperative to confirm the increase in volume at the time of the break. ⚠️ Given the significance of the 0.6326 support, if we notice volume rising as we approach this level and the RSI nearing oversold territory at the 30 line, you can also set a stop-sell order to capitalize on any sharp movements. 🔄 For a long position, we currently lack a clear trigger, but considering the weekly movement, we can hypothesize that this support may serve as a reversal point. Nonetheless, we will refrain from acting until we receive confirmation. For a riskier long position, we will await the 0.7300 level, and for a more secure long position, we will wait for a break above 0.7838. 🪙 In today's market, your trades should be closely aligned with Bitcoin's movements, given that BTC.D (Bitcoin Dominance) commands a significant portion of the market. Essentially, Bitcoin dictates the supports and resistances on the charts of other cryptocurrencies. ❌ Consequently, it is advisable that if altcoin support and resistance levels are breached but Bitcoin does not provide confirmation, you should enter positions with reduced risk. For instance, if FTM loses the 0.6323 support but Bitcoin maintains support at 60706, FTM is likely to hit its stop loss. However, if Bitcoin loses its support, FTM is poised for a more substantial decline, potentially yielding significant profits. ⏳ At present, we do not have an entry point for repurchasing this coin. Exercise patience and explore other projects during this period. Additionally, you might consider examining the DeFi space within the Fantom chain. 📊 Our upcoming support levels are 0.5472, 0.4903, 0.4380, with the resistances at 0.7300, 0.7838, and 0.9096. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
by RealMRA
1
📉📈 FTM Forming A Bearish Wedge 🔄💼Trade Overview: FTM is forming a bearish wedge pattern, suggesting a potential downward move, particularly with the anticipation of bearish news this week. Trade Strategy: Entry: Consider laddering into spot positions between $0.55 to $0.45, allocating 50% of the position within this zone. Confirmation: Look for price to close above the 200-day MA on the daily timeframe within this zone, indicating bullish momentum and flipping the zone into support. Take Profit: Set a take profit target at $0.80, with the next area of resistance at $1. 📊🔍 Monitor FTM's price movement closely for entry confirmation and adjust strategy accordingly! #FTMTrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official
Ftmusdt trading opportunityFTMUSDT has reached a strong support zone, which is also serving as an important support level. The recommendation is to shift attention to a zone identified as the Neckline, with the immediate Buy Back zone marked as an area for replenishing holdings for those not currently invested in the coin. The final setup target is projected to be around the determinant trendline as indicated on the chart. Your engagement and likes on this analysis are greatly appreciated.
by weslad
2
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT provides insights into the current market conditions and potential future movements based on technical indicators and chart patterns. Key Resistance and Support Levels: Resistance 1 (R1): $0.5275 - This price level has been tested recently, and it may continue to offer resistance to upward movements. Resistance 2 (R2): $0.8230 - A more robust level that was previously a high point before the recent decline. Resistance 3 (R3): $1.0763 - Represents a significant high and a strong psychological barrier. Support 1 (S1): The chart does not specify the exact value of S1, but it's indicated below the current price level, providing a potential target if the price continues to fall. Technical Indicators: Relative Strength Index (RSI): The RSI is at 42.48, which suggests that the asset is neither in the oversold nor overbought territory, but it is leaning towards bearish sentiment as it is below the neutral 50 mark. Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line, indicating a lack of strong momentum in either direction. This setup typically suggests a market in consolidation or lacking strong buyer or seller engagement. Trend Analysis: The descending trend line from the recent highs indicates a bearish trend. The price has been making lower highs, which typically suggests continuation of a downward trend until a clear breakout above this trend line occurs. Conclusion: The FTM/USDT market is currently showing signs of bearish pressure as indicated by the descending trend line and the positioning of the RSI below 50. For traders, the approach towards the resistance level at $0.5275 will be critical. A failure to break this level could see the price retest the lower support levels, where buyers might see opportunities for entry. A successful break above R1, however, could signal a reversal or weakening of the current bearish trend, potentially aiming for R2 at $0.8230. Given the current MACD readings and the proximity of R1, traders should remain cautious, watching for either a bullish breakout accompanied by increased volume or a continuation of the bearish trend with potential entries near lower support levels. Setting stop losses just below the recent lows can help manage risk in case of further downward movement.
by MarsSignals
FTM/USDT bullish reversal from support? 👀🚀FTM analysis💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and potentially revisit our targeted strong resistance area. 💎 Should $FANTOM fail to rebound from the $0.5620 support and instead break below it, this would likely indicate a continuation of the downward trend, with the next critical support being the bullish Order Block (OB) area around $0.4497. 💎 If #FTM reaches this Bullish OB area, it is imperative for the price to secure a bounce from this level, which is pivotal for maintaining support. A failure to rebound could exacerbate the bearish momentum, affirming negative market sentiment and possibly driving the price further down. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
5