Crucial Points To Prevent Further Price Declines
BINANCE:FTMUSDT FTM is trading within the $0.46 to $0.48 support range. These levels serve as crucial points to prevent further price declines. If the price stabilizes within this range, there is a potential for an upward move.
Potential Scenarios:
Maintaining Support and Moving Upwards:
If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives.
Breaking Support and Continuing the Downtrend:
If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
Potential Scenarios:
Maintaining Support and Moving Upwards:
If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives.
Breaking Support and Continuing the Downtrend:
If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.