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FTM 3x Long / Tether

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FTMUSDT.3L trade ideas

Possible bull structureAs I said in my previous post I entered with a lot of FOMO and If I had waited I could have entered at much better and lower prices but because I want to share the real side of trading I show the exact price that I entered and I will continue this process as always I have my possible moves for both sides of market and my stop loss is there but this time even if I hit stop loss again I will wait to see the entry and I try not to get affected BY FOMO!!!! ;)
Long
by tedibar344
1
#FTM Buy Trade **Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
1
my opinion on FTMthis is my structure base for FTM in the month The flip is in the decision From here, I don't see a flicker I have to go to the lower time Decision is the first block and the source of failure I am very afraid that it will hit and go below 0.33 But if it hits, we will have a strong reaction before it and it will give us a chance to leave On the one hand, if we give a low probability, it can go up from here Because the place where it was hit from above is the first place where the price could react And this 4-month downward movement could be just a reaction from there There is a high probability that he will return from this decision in the weekly From a weekly point of view, I feel more secure and we are in a sub-bullish structure who came to his extreme, which is in the first place, and tripped That was very predictable
by tedibar344
FTM Technical AnalysisHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: UPCOM:FTM has shown a decent rebound after a 60% downtrend since May 2024. The price is currently testing the resistance level at $0.55, where we have the primary resistance as well as the 35 EMA. A breakout will likely continue the bullish move toward the upper resistance trendline at around $0.707. A rejection, on the other hand, will provide a good buying opportunity at around $0.432. - Primary Resistance: $0.55. - Mid-Resistance: $0.707. - Higher Resistance: $1.242. - Lower Support: $0.432. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
Is FTM About to Explode or Crash?Critical Support Level in FocusYello, Paradisers! Have you been watching FTM/USDT lately? The market is buzzing, and it's time to dig into the action! 💎#FTM is making an interesting move, showing a high probability of a bullish continuation from a strong support zone. We've seen Fantom consistently respect the descending resistance, and now the price is approaching a key support level $0.5499. If the price successfully holds momentum, there's a great probability that UPCOM:FTM will ride bullish from this level. 💎The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level. 💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from support $0.5499 and loses momentum? This would clearly indicate that seller sentiment is in control, and #FTM could drop significantly. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay smart, stay safe, and let's conquer the market together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
FTM ABC: Full view 07/16/2024Defining cycle by 5 parts: 1. Bottom: price hits lowest before crossover 2. EMA cross up: ema 22 goes above ema 55 on daily timeframe 3. Peak: price peaks in between the ema cross up and downthis period, 4. EMA cross down: ema 22 goes below ema 55 on daily timeframe 5. Bottom: price hits its lowest bottom after the cross Cycle A Bottom A- (Mar 13th 2020) price bottomed $0.0017 EMA cross up A- >68 days later (May 20th 2020) EMA 22 went above the EMA 55 Peak A- >105 days later -(Sep 2nd 2020) price peaked @ $0.0566 >173 days bottom to peak EMA cross down A- > 46 days later -(Oct 18th 2020) the EMA 22 closed below the EMA 55. Bottom B- >17 days later -(Nov 4th 2020) price bottomed at 1.262c. (-77% from previous peak $0.0566.) >63 days from Peak A to Bottom B. ------------------------------------------------------------------------------- Time of Cycle A: 236 days >236 days from Bottom A to Bottom B (entire Cycle A) Time of Bottom A to Peak A: 173 days >173 days Bottom A to Peak A (best buy to best sell) Time of Peak A to Bottom B: 63 days >63 days Peak A to Bottom B (best buy after peak the best sell) Cycle A most profit: > $0.0017 to $0.0566 33.29x (3329.41%) ------------------------------------------------------------------------------- Cycle B Bottom B- -(Nov 4th 2020) price bottomed at $0.01262. EMA cross up B- >66 days later -(Jan 9th 2021) the EMA 22 went above the EMA 55. Peak B- >121 days later -(10th May 2021) price peaked $0.9588. > 187 days from bottom b to peak b >If you bought the crash and sold peak you would have 7597.46% gain. (76x) EMA cross down B- >15 days later -(25th May 2021) the EMA 22 closed below the EMA 55. Bottom C- >56 days later -(July 20th 2021) 56 days later $0.1534 found a bottom (-84% from previous peak $0.01262) ------------------------------------------------------------------------------- Time of Cycle B: 258 days >236 days from Bottom B to Bottom C (entire Cycle B) Time of Bottom B to Peak B: 187 days >187 days Bottom A to Peak A (best buy to best sell) Time of Peak B to Bottom C: 71 days >71 days Peak B to Bottom C (best buy after peak the best sell) Cycle B most profit: > $0.01262 to $0.9588 75.97x (7597.46%) Cycle A + B most profit: > $0.0017 to $0.9588 564x (56400.00%) ------------------------------------------------------------------------------- Cycle C Bottom C- -(July 20th 2021) 56 days later $0.1534 found a bottom (-84%) EMA cross up B- >56 days later -(Aug 14th 2021) the EMA 22 went above the EMA 55. Peak C- >76 days later -(28th Oct 2021) price peaked $3.457. > 100 days from bottom c to peak c >If you bought the crash and sold peak you would have 2271.44% gain. (22.7x) EMA cross down C- >37 days later -(4th Dec 2021) the EMA 22 closed below the EMA 55. Bottom D- >100 days later -(Mar 14th 2022) 100 days later $1.0343 found a bottom (-70%) ------------------------------------------------------------------------------- Time of Cycle C: 289 days >237 days from Bottom C to Bottom D (entire Cycle C) Time of Bottom C to Peak C: 100 days >100 days Bottom C to Peak C (best buy to best sell) Time of Peak C to Bottom D: >137 days Peak C to Bottom D (best buy after peak the best sell) Cycle C most profit: > $0.1534 to $3.4859 22.7x (2172.29%) Cycle A + B + C most profit: > $0.0017 to $3.457 2033.5x (203300.52%) ------------------------------------------------------------------------------- Bear Market Bottom Bear- -(Nov 22nd 2022) 359 days later $0.1627 found a bottom (-95.31%) -Ended April 29th 2023 ------------------------------------------------------------------------------- Time of Cycle D: 532 days >532 days from Bottom C to Bottom of Bear (Entire Bear Market) Oct 19th 2023 ------------------------------------------------------------------------------- Guessing A2 Length of cycle. A 236 B 258 C 289 days Avg sum/3 = 261 days (July 4th 2024) B-A = 22 C-B = 31 ...31-22= +9 >> 289+9 = 298 days (August 11th 2024) Guessing % gained A $0.0017 to $0.0566 33.29x (3329.41%) B $0.01262 to $0.9588 75.97x (7597.46%) C $0.1534 to $3.4859 22.7x (2172.29%) A+B+C / 3 = 4,366%. B-A= 4268.05 A-C= 1157.12 4268.05 - 1157.12 = 3110.93% instead got the ratio of A/B = 0.4382 x C = 951% Percent gain 0.1707 up 951% = 0.1707 + (0.1707 x 9.5) = $1.7956 ------------------------------------------------------------------------------- Cycle A2 Bottom A2- (Oct 19th 2023) price bottomed $0.1707 EMA cross up A2- >8 days later (Oct 27th 2023) EMA 22 went above the EMA 55 Peak A2- > 147 days later -(March 22th 2024) price peaked @ $1.2295 > 155 days from bottom a2 to peak a2 >If you bought the crash and sold peak you would have 620.02% gain. (6.2x) EMA cross down A2- > 37 days later -(April 28th 2024) the EMA 22 closed below the EMA 55. Bottom B2- >68 days later -(July 5th 2024) price bottomed at 0.03788c. (-69.16% from previous peak $1.2295.) >105 days from Peak A2 to Bottom B2. ------------------------------------------------------------------------------- Time of Cycle A2: 260 days >260 days from Bottom A2 to Bottom B2 (entire Cycle A2) Time of Bottom A2 to Peak A2: 155 days >155 days Bottom A to Peak A (best buy to best sell) Time of Peak A2 to Bottom B2: 105 days >105 days Peak A2 to Bottom B2 (best buy after peak the best sell) Cycle A2 most profit: > $0.1707 to $1.2295 6.2x (620.02%) ------------------------------------------------------------------------------- Guessing B2 Length of cycle. A:236 B:258 C:289 days A2:262 days Avg sum/4 = 262 days (March 23rd 2025) B-A = 22 C-B = 31 A2-C = -27 ...31-22+27= +36 >> 269+36 = 298 days (April 30th 2025) Guessing % gained A $0.0017 to $0.0566 33.29x (3329.41%) B $0.01262 to $0.9588 75.97x (7597.46%) C $0.1534 to $3.4859 22.7x (2172.29%) A2 $0.1707 to $1.2295 6.2x (620.02%) A+B+C+A2 / 4 = 3,429.79%. B-A = 4268.05% A-C = 1157.12% C-A2= 1552.27% 4268.05 - 1157.12 - 1552.27 = 1558.66% instead got the ratio of A (3329.41%)/ B (7597.46%) = 0.4382 x C (2172.29%) = 951% instead got the ratio of B (7597.46%)/ C (2172.29%) = 3.49744 x A2 (620.02%) = 2168.48% made more sense to compare AB to A2B2 therefore went with this > instead got the ratio of B (7597.46%)/ A (3329.41%) = 2.28192 x A2 (620.02%) = 1414.838% alternative average ratio AB + CA2 / 2 = 1559.74% Percent gain $0.3785 up 1414.838% = 0.3785 x (1+ (1414.838/100) ) = $0.3785 up 1414.838% = 0.3785 x (1+ 14.1483) = $0.3785 up 1414.838% = 0.3785 x (15.1483) = $0.3785 up 1414.838% = 0.3785 x (15.1483) = $5.73366 B2 predicted price = $5.73366 ------------------------------------------------------------------------------- If I go by how much I was wrong for A² prediction, then adjust $1.2295 actual A² / $1.7956 A² predicted = 0.68367 X adjusted B² / $5.7336 B² predicted = 0.68367 X adjusted B² = 0.68367*$5.7336 B² predicted X adjusted B² = $3.82564 Adjusted prediction is $3.83 for B2 -------------------------------------------------------------------------------
Long
by tweak896
1
FTM (Fantom): Falling WedgeTrade setup : Price is in a downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout, ideally above $0.50 resistance, with +20% upside potential to $0.60 thereafter. Learn to trade key levels in Lesson 7. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.62, then $0.80.
Long
by altFINS
1
Fantom Cycle A²,B²,C² Chart: Cycle A² over, B² Defining cycle by 5 parts: 1. Bottom: price hits lowest before crossover 2. EMA cross up: ema 22 goes above ema 55 on daily timeframe 3. Peak: price peaks in between the ema cross up and downthis period, 4. EMA cross down: ema 22 goes below ema 55 on daily timeframe 5. Bottom: price hits its lowest bottom after the cross Cycle A Bottom A- (Mar 13th 2020) price bottomed $0.0017 EMA cross up A- >68 days later (May 20th 2020) EMA 22 went above the EMA 55 Peak A- >105 days later -(Sep 2nd 2020) price peaked @ $0.0566 >173 days bottom to peak EMA cross down A- > 46 days later -(Oct 18th 2020) the EMA 22 closed below the EMA 55. Bottom B- >17 days later -(Nov 4th 2020) price bottomed at 1.262c. (-77% from previous peak $0.0566.) >63 days from Peak A to Bottom B. ------------------------------------------------------------------------------- Time of Cycle A: 236 days >236 days from Bottom A to Bottom B (entire Cycle A) Time of Bottom A to Peak A: 173 days >173 days Bottom A to Peak A (best buy to best sell) Time of Peak A to Bottom B: 63 days >63 days Peak A to Bottom B (best buy after peak the best sell) Cycle A most profit: > $0.0017 to $0.0566 33.29x (3329.41%) ------------------------------------------------------------------------------- Cycle B Bottom B- -(Nov 4th 2020) price bottomed at $0.01262. EMA cross up B- >66 days later -(Jan 9th 2021) the EMA 22 went above the EMA 55. Peak B- >121 days later -(10th May 2021) price peaked $0.9588. > 187 days from bottom b to peak b >If you bought the crash and sold peak you would have 7597.46% gain. (76x) EMA cross down B- >15 days later -(25th May 2021) the EMA 22 closed below the EMA 55. Bottom C- >56 days later -(July 20th 2021) 56 days later $0.1534 found a bottom (-84% from previous peak $0.01262) ------------------------------------------------------------------------------- Time of Cycle B: 258 days >236 days from Bottom B to Bottom C (entire Cycle B) Time of Bottom B to Peak B: 187 days >187 days Bottom A to Peak A (best buy to best sell) Time of Peak B to Bottom C: 71 days >71 days Peak B to Bottom C (best buy after peak the best sell) Cycle B most profit: > $0.01262 to $0.9588 75.97x (7597.46%) Cycle A + B most profit: > $0.0017 to $0.9588 564x (56400.00%) ------------------------------------------------------------------------------- Cycle C Bottom C- -(July 20th 2021) 56 days later $0.1534 found a bottom (-84%) EMA cross up B- >56 days later -(Aug 14th 2021) the EMA 22 went above the EMA 55. Peak C- >76 days later -(28th Oct 2021) price peaked $3.457. > 100 days from bottom c to peak c >If you bought the crash and sold peak you would have 2271.44% gain. (22.7x) EMA cross down C- >37 days later -(4th Dec 2021) the EMA 22 closed below the EMA 55. Bottom D- >100 days later -(Mar 14th 2022) 100 days later $1.0343 found a bottom (-70%) ------------------------------------------------------------------------------- Time of Cycle C: 289 days >237 days from Bottom C to Bottom D (entire Cycle C) Time of Bottom C to Peak C: 100 days >100 days Bottom C to Peak C (best buy to best sell) Time of Peak C to Bottom D: >137 days Peak C to Bottom D (best buy after peak the best sell) Cycle C most profit: > $0.1534 to $3.4859 22.7x (2172.29%) Cycle A + B + C most profit: > $0.0017 to $3.457 2033.5x (203300.52%) ------------------------------------------------------------------------------- Bear Market Bottom Bear- -(Nov 22nd 2022) 359 days later $0.1627 found a bottom (-95.31%) -Ended April 29th 2023 ------------------------------------------------------------------------------- Time of Cycle D: 532 days >532 days from Bottom C to Bottom of Bear (Entire Bear Market) Oct 19th 2023 ------------------------------------------------------------------------------- Guessing A2 Length of cycle. A 236 B 258 C 289 days Avg sum/3 = 261 days (July 4th 2024) B-A = 22 C-B = 31 ...31-22= +9 >> 289+9 = 298 days (August 11th 2024) Guessing % gained A $0.0017 to $0.0566 33.29x (3329.41%) B $0.01262 to $0.9588 75.97x (7597.46%) C $0.1534 to $3.4859 22.7x (2172.29%) A+B+C / 3 = 4,366%. B-A= 4268.05 A-C= 1157.12 4268.05 - 1157.12 = 3110.93% instead got the ratio of A/B = 0.4382 x C = 951% Percent gain 0.1707 up 951% = 0.1707 + (0.1707 x 9.5) = $1.7956 ------------------------------------------------------------------------------- Cycle A2 Bottom A2- (Oct 19th 2023) price bottomed $0.1707 EMA cross up A2- >8 days later (Oct 27th 2023) EMA 22 went above the EMA 55 Peak A2- > 147 days later -(March 22th 2024) price peaked @ $1.2295 > 155 days from bottom a2 to peak a2 >If you bought the crash and sold peak you would have 620.02% gain. (6.2x) EMA cross down A2- > 37 days later -(April 28th 2024) the EMA 22 closed below the EMA 55. Bottom B2- >68 days later -(July 5th 2024) price bottomed at 0.03788c. (-69.16% from previous peak $1.2295.) >105 days from Peak A2 to Bottom B2. ------------------------------------------------------------------------------- Time of Cycle A2: 260 days >260 days from Bottom A2 to Bottom B2 (entire Cycle A2) Time of Bottom A2 to Peak A2: 155 days >155 days Bottom A to Peak A (best buy to best sell) Time of Peak A2 to Bottom B2: 105 days >105 days Peak A2 to Bottom B2 (best buy after peak the best sell) Cycle A2 most profit: > $0.1707 to $1.2295 6.2x (620.02%) ------------------------------------------------------------------------------- Guessing B2 Length of cycle. A:236 B:258 C:289 days A2:262 days Avg sum/4 = 262 days (March 23rd 2025) B-A = 22 C-B = 31 A2-C = -27 ...31-22+27= +36 >> 269+36 = 298 days (April 30th 2025) Guessing % gained A $0.0017 to $0.0566 33.29x (3329.41%) B $0.01262 to $0.9588 75.97x (7597.46%) C $0.1534 to $3.4859 22.7x (2172.29%) A2 $0.1707 to $1.2295 6.2x (620.02%) A+B+C+A2 / 4 = 3,429.79%. B-A = 4268.05% A-C = 1157.12% C-A2= 1552.27% 4268.05 - 1157.12 - 1552.27 = 1558.66% instead got the ratio of A (3329.41%)/ B (7597.46%) = 0.4382 x C (2172.29%) = 951% instead got the ratio of B (7597.46%)/ C (2172.29%) = 3.49744 x A2 (620.02%) = 2168.48% made more sense to compare AB to A2B2 therefore went with this > instead got the ratio of B (7597.46%)/ A (3329.41%) = 2.28192 x A2 (620.02%) = 1414.838% alternative average ratio AB + CA2 / 2 = 1559.74% Percent gain $0.3785 up 1414.838% = 0.3785 x (1+ (1414.838/100) ) = $0.3785 up 1414.838% = 0.3785 x (1+ 14.1483) = $0.3785 up 1414.838% = 0.3785 x (15.1483) = $0.3785 up 1414.838% = 0.3785 x (15.1483) = $5.73366 B2 predicted price = $5.73366 ------------------------------------------------------------------------------- If I go by how much I was wrong for A² prediction, then adjust $1.2295 actual A² / $1.7956 A² predicted = 0.68367 X adjusted B² / $5.7336 B² predicted = 0.68367 X adjusted B² = 0.68367*$5.7336 B² predicted X adjusted B² = $3.82564 Adjusted prediction is $3.83 for B2 -------------------------------------------------------------------------------
Long
by tweak896
TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market. 🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain. ⌛️ Weekly Timeframe In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support. 📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation. 📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops. 📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy. ⌛️ Daily Timeframe In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position. 🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future. 💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. 🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
3
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
by cryptodailyuk