Short
FTM/USDT - Potential Short Scenario
Hello Traders!
FTM continues its downward price formation. Currently, the asset is testing the support level of $0.27.
The appearance of convergence on a two-day timeframe confirms the strength of a downtrend, the aggressive continuation of which will send the price to new support levels.
Soon we can assume that the downward movement will culminate in a withdrawal of $0.1025.
We can search medium-term entrances in the price range of $0.1025 - $0.1530.
The targets will be the price levels of $0.27 and $0.43
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
FTM continues its downward price formation. Currently, the asset is testing the support level of $0.27.
The appearance of convergence on a two-day timeframe confirms the strength of a downtrend, the aggressive continuation of which will send the price to new support levels.
Soon we can assume that the downward movement will culminate in a withdrawal of $0.1025.
We can search medium-term entrances in the price range of $0.1025 - $0.1530.
The targets will be the price levels of $0.27 and $0.43
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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