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FTMUSDT trade ideas

Ftmusdt trading opportunityFTMUSDT has reached a strong support zone, which is also serving as an important support level. The recommendation is to shift attention to a zone identified as the Neckline, with the immediate Buy Back zone marked as an area for replenishing holdings for those not currently invested in the coin. The final setup target is projected to be around the determinant trendline as indicated on the chart. Your engagement and likes on this analysis are greatly appreciated.
by weslad
2
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT provides insights into the current market conditions and potential future movements based on technical indicators and chart patterns. Key Resistance and Support Levels: Resistance 1 (R1): $0.5275 - This price level has been tested recently, and it may continue to offer resistance to upward movements. Resistance 2 (R2): $0.8230 - A more robust level that was previously a high point before the recent decline. Resistance 3 (R3): $1.0763 - Represents a significant high and a strong psychological barrier. Support 1 (S1): The chart does not specify the exact value of S1, but it's indicated below the current price level, providing a potential target if the price continues to fall. Technical Indicators: Relative Strength Index (RSI): The RSI is at 42.48, which suggests that the asset is neither in the oversold nor overbought territory, but it is leaning towards bearish sentiment as it is below the neutral 50 mark. Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line, indicating a lack of strong momentum in either direction. This setup typically suggests a market in consolidation or lacking strong buyer or seller engagement. Trend Analysis: The descending trend line from the recent highs indicates a bearish trend. The price has been making lower highs, which typically suggests continuation of a downward trend until a clear breakout above this trend line occurs. Conclusion: The FTM/USDT market is currently showing signs of bearish pressure as indicated by the descending trend line and the positioning of the RSI below 50. For traders, the approach towards the resistance level at $0.5275 will be critical. A failure to break this level could see the price retest the lower support levels, where buyers might see opportunities for entry. A successful break above R1, however, could signal a reversal or weakening of the current bearish trend, potentially aiming for R2 at $0.8230. Given the current MACD readings and the proximity of R1, traders should remain cautious, watching for either a bullish breakout accompanied by increased volume or a continuation of the bearish trend with potential entries near lower support levels. Setting stop losses just below the recent lows can help manage risk in case of further downward movement.
by MarsSignals
FTM/USDT bullish reversal from support? 👀🚀FTM analysis💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and potentially revisit our targeted strong resistance area. 💎 Should $FANTOM fail to rebound from the $0.5620 support and instead break below it, this would likely indicate a continuation of the downward trend, with the next critical support being the bullish Order Block (OB) area around $0.4497. 💎 If #FTM reaches this Bullish OB area, it is imperative for the price to secure a bounce from this level, which is pivotal for maintaining support. A failure to rebound could exacerbate the bearish momentum, affirming negative market sentiment and possibly driving the price further down. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
5
FTM accumulation scenario FTM has very well performed recent weeks. Prices are at weekly resistance. On lower time-frame (4H), a double-top pattern was formed and the neckline was broken. In my opinion, we would open a Short (as in chart) and/or specially wait for prices to fall around $0.55-$0.65 to accumulate FTM for a long-term investment (targeting $3 and above). It's important to keep in mind that Short is risky in general and particularly in the context where the interest for FTM may still continue. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
by evasivesteering
3
FTM/USDT it shows price will be back test on the support!💎 Paradisers, #FTM is indeed catching the eye as a coin worth monitoring closely. 💎 After facing rejection at the resistance area, it appears poised to revisit the support region around 0.568 in search of renewed momentum. 💎 Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark. 💎 To validate this pattern and shift back to a bullish trajectory, FTM must break above both the resistance and the descending trendline of the pattern. If successful, this breakout could pave the way for further upward movement, possibly leading FTM to retest our target strong resistance area. 💎 However, if FTM fails to find support at the aforementioned level and instead breaks below it, this could signify a bearish continuation, with the price likely heading towards the next significant level, the Bullish OB area around 0.449. 💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum. Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.
by MyCryptoParadise
4
Fantom Sets $6.5M Dev Funds for 'Safer Memecoins’ LaunchLayer-1 blockchain Fantom ( UPCOM:FTM ) is pioneering the idea of “safer meme coins” by setting aside $6.5 million worth of its native Fantom ( UPCOM:FTM ) token as a reward to devs as it tries to get a slice of the nearly $50 billion sector. Fantom Foundation CEO Michael Kong said he wants to create "an environment where people can launch what we call ‘safer meme coins” and introduce technical and non-technical measures to ensure projects aren’t “just an outright rug or scam.” Solana and Coinbase’s Ethereum layer 2 Base have seen the bulk of the recent memecoin trading fenzy with trading volumes on Solana even surpassing Ethereum’s at the peak of the memecoin rush in March. However, as many as one in six of meme coins on Base were revealed to be scams and at least 12 sizeable meme-based projects on Solana — which raised a combined $26.7 million — were all rugpulled by the creators. In a bid to attract memecoin traders to Fantom as well as increase safety measures around the tokens, Kong announced during the April 30 MemeGlobal event in Sydney that the Fantom Foundation was setting up a 10 million Fantom ( UPCOM:FTM ) prize pool — worth $6.5 million — to memecoin teams. Kong said that “The meme coin phenomenon that exists right now is a method for us to acquire a lot of customers because we’ve seen that be successful with other chains and we want to replicate that success,”. in the long run, it’s about what the customer wants. If the customer wants DeFi, give them DeFi. NFTs? Give them NFTs, and when it comes to meme coins, give them meme coins — or at least an environment that allows people to develop memecoins safely. Said Kong. Andre Cronje the Foundation’s co-founder proposed measures for safe meme coins earlier in April including memecoin devs issuing their token with the Fantom Foundation as a co-controller of the token’s startup liquidity. Cronje also proposed the token supply split — 5% to the team and 10% for marketing that’s locked in a multi-sig wallet needing at least one Foundation member as a co-signer. 85% left would be placed in an UPCOM:FTM paired liquidity pool (LP) with the Foundation pitching in 100,000 UPCOM:FTM — worth around $65,000 at current prices. “Should the UPCOM:FTM in the LP token reach at least 2,000,000 UPCOM:FTM , the original provided 100,000 UPCOM:FTM (5%) will be removed to cover the initial cost and the rest of the LP will be burned,” Cronje wrote. Fantom ( UPCOM:FTM ) is the 38th largest blockchain network with a total value locked (TVL) of $108.3 million, according to DefiLlama. For comparison, Solana and Base are respectively the fourth and sixth largest by TVL.
Long
by DEXWireNews
📈Potential Short Opportunity in FTM: Technical Analysis🔥🔍In today's analysis, we observe a continuation of yesterday's market movement, characterized by a minor downward trend. Yesterday's correctionary movement, as discussed in our previous analysis, has extended into the London time frame today. This movement has nullified all corrections suggested yesterday, indicating the potential for a second wave of decline in altcoins, notably in FTM/USD. ⚡️Our focus today is on positioning for a short trade in FTM/USD, leveraging a strong trigger point at $0.6267. This level currently serves as the coin's primary support, and should a candle close below this mark, it could signal a continuation of the downward movement. Our entry point for short positions aligns with this trigger, allowing us to capitalize on further market decline and potentially maximize profits. ✅The initial target for this short trade is identified at the 0.786 Fibonacci extension level, residing around $0.54. With the price having moved approximately 13% towards this target, setting a logical stop-loss can offer an attractive risk-reward ratio for our position. It's crucial to remain vigilant as the price approaches this support level, ensuring readiness to execute short positions upon confirmation of volume surges and support breaches. 📈From a wave perspective, this movement could potentially constitute a significant wave, necessitating full commitment to maintaining short positions in the event of a breakthrough at this critical support level. Volume indicators strongly suggest a bearish sentiment, with price showing a greater inclination towards decline rather than ascent. Therefore, it's reiterated to remain prepared to re-enter short positions upon volume surges and the breach of the $0.6267 support. ⏳Regarding timing, a period of rest appears adequate, as indicated by the SMA7 reaching candlesticks, potentially exerting downward pressure on the price. In the event of failure to do so, we may anticipate price consolidation until it aligns with the SMA25. Despite multiple attempts, the SMA99 has thus far maintained market bearishness, failing to stabilize above it despite three price encounters. 📝In conclusion, FTM/USD presents a compelling short opportunity, with technical indicators aligning for a potential continuation of the downward trend. Traders are advised to remain vigilant, adhere to risk management principles, and capitalize on short positions upon confirmation of key support breaches. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Short
by itsparham96