FTMTrading
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$FTM /USDT ALERT: Critical Price Action at $0.9347!
$FTM has dropped by 5%, currently trading at $0.9347. The coin is showing bearish momentum following a sharp rejection from the $1.0543 resistance level. With a 24-hour low of $0.9024, volatility is increasing, and key levels must be watched closely.
Key Levels to Watch:
Resistance: $1.0062 (immediate) and $1.0543 (strong barrier)
Support: $0.9024 (critical) and $0.8948 (major fallback level)
Trade Setup:
Long Entry: If the price reclaims $1.0062, potential targets are $1.02 and $1.05.
Short Entry: If $0.9024 breaks, watch for downside targets at $0.89 and $0.87.
Stop-loss: Place below $0.89 for longs and above $1.01 for shorts.
Market Insight: FTM's upcoming redenomination on January 13, 2025, could increase volatility. Traders should manage positions cautiously and anticipate sharp moves as the date approaches.
#FTMTrading #Write2Earn! #MarketRebound #CorePCESignalsShift
$FTM has dropped by 5%, currently trading at $0.9347. The coin is showing bearish momentum following a sharp rejection from the $1.0543 resistance level. With a 24-hour low of $0.9024, volatility is increasing, and key levels must be watched closely.
Key Levels to Watch:
Resistance: $1.0062 (immediate) and $1.0543 (strong barrier)
Support: $0.9024 (critical) and $0.8948 (major fallback level)
Trade Setup:
Long Entry: If the price reclaims $1.0062, potential targets are $1.02 and $1.05.
Short Entry: If $0.9024 breaks, watch for downside targets at $0.89 and $0.87.
Stop-loss: Place below $0.89 for longs and above $1.01 for shorts.
Market Insight: FTM's upcoming redenomination on January 13, 2025, could increase volatility. Traders should manage positions cautiously and anticipate sharp moves as the date approaches.
#FTMTrading #Write2Earn! #MarketRebound #CorePCESignalsShift
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