MyCryptoParadise_Simon

FTM/USDT planning for bullish move? 👀 🚀 FTM Today analysis

Long
BINANCE:FTMUSDT   Fantom / TetherUS
💎 Paradisers, let’s dive into the #FTMUSDT analysis! A fascinating shift has unfolded as it breaks free from its descending channel, creating an exciting stage for a potential bullish surge.

💎 Over an extended period, #FANTOM has meticulously traced the contours of a descending channel. Presently, the price is testing a critical support level at $0.9116. Our confidence in its potential to embark on a bullish trajectory remains unwavering, challenging the overhead bearish order block (OB).

💎 However, prudent preparation is essential: should the price dip below the pivotal support zone, we may witness a pronounced bearish downturn. In such a scenario, our focus shifts to anticipating a bullish rebound from the lower support level at $0.8536.

💎 Remember to employ sound trading strategies and implement proper stop-loss measures! Stay vigilant, monitor market movements, and eagerly await further insights.

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