$FTM Update

$FTM has broken out of a descending channel, bolstered by a strong push from the bullish order block at $0.5700. While this may signal a potential trend reversal, confirmation is still pending.

For the rally to gain momentum, $FTM must break through the key bearish zone between $0.935 and $1.177, which previously acted as support. A successful move past this level could lead to a stronger rally toward the next major resistance, indicating bullish control.

On the flip side, if momentum wanes, watch for a potential pullback to retest the breakout zone around $0.4750. Failure to hold this support may result in a decline toward the lower demand zone at $0.3100.

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