$FTM /USDT - Technical Analysis
Current Price: $0.9728 (-1.81%)
24H High: $1.0543
24H Low: $0.9024
Target Levels:
1. Target 1: $1.000
Resistance Zone: A psychological level and immediate resistance. Breaking this level could signal a reversal in momentum.
2. Target 2: $1.080
Mid-Term Target: Sustaining above $1.000 could lead to a move toward this key resistance, aligning with recent highs.
3. Target 3: $1.150
Major Bullish Target: Achievable with increased buying volume and broader market support.
Action Plan:
For Traders:
Secure Partial Profits: Near $1.000 to lock in gains.
Stop-Loss: Adjust stop-loss to $0.950 after achieving the first target.
Monitor volume and price movement above $1.000 for continuation.
For Investors:
Consider accumulation on dips above $0.950 for a long-term hold toward $1.150.
Watch for consolidation above $1.000 to confirm a bullish trend.
Technical Indicators:
Momentum: Price rebounding from $0.9024 shows short-term bullish sentiment.
Support Levels: Immediate support at $0.950 and stronger support near $0.900.
RSI: Monitor RSI near $1.000 for potential overbought conditions before continuation.