$FTM #Ftmusdt has finally broken out of a descending channel, thanks to a solid push from the bullish order block at $0.5700. While this could mark a potential turning point, we’re not in the clear just yet.For this rally to truly gather momentum, #FTM must break above the critical Bearish between $0.935 -$1.177 , which previously acted as support. If bulls can push it past this level, we could see a stronger move toward the next significant resistance, signaling bulls might be taking charge.However, if this momentum stalls, watch for a pullback to retest the breakout zone around $0.4750. A failure to hold this support could trigger a move back to the lower demand zone at $0.3100. $FTM
$GRT #Grtusdt is currently showing promising signs of bullish continuation from the key demand level at $0.1500. If the price holds steady at this point, there’s a solid chance we’ll witness a breakout above the descending resistance of the ongoing channel. Momentum is key if sustained, this could lead to a significant price movement in the near future.For confirmation, we need to see a decisive break above the internal resistance at $0.190, supported by strong engulfing candles and sustained momentum. Until we get that confirmation, it’s essential to stay cautious and avoid jumping into positions prematurely. $GRT
VIP MARKET UPDATE: $BTC #BTC☀ Bitcoin strongly surged following its breakout from the ascending triangle pattern. A continuation of the upward move is anticipated, either from current levels or after a successful retest of the triangle’s upper boundary for confirmation. $BTC
LARGEST VOLUME (24h) 1. $USDT ($59100m) 2. BTC ($36000m)
DAILY OUTLOOK LUMIA, DIA, and UMA are leading the market as top gainers, showing impressive performance. Meanwhile, Bitcoin is hovering around the critical $68K resistance level. A confirmed breakout and retest above this mark could signal the potential for a sustained bullish rally, setting the stage for further upward momentum in the market.
Focus on the US election as a major catalyst for price action☝️
Strategy to consider:
- Cut longs in the $70k-$75k range in the next two weeks🔪 - Hold stablecoins during election period for safety💰 - Avoid high leverage positions during election week⚠️
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