Fantom looks good.
Updated
FTM Broke downtrend and looks very promising.
If the current week candle ** closes !! ** above 0.5, then it's extremely bullish.
If the current week candle ** closes ** above 0.47, then it's bullish.
but if weekly closes below that this idea is invalid.
it's Probably good idea to take some profit around 0.920 - 1.000 .
If the current week candle ** closes !! ** above 0.5, then it's extremely bullish.
If the current week candle ** closes ** above 0.47, then it's bullish.
but if weekly closes below that this idea is invalid.
it's Probably good idea to take some profit around 0.920 - 1.000 .
Note
TP1: Achieved a level of 0.7500. Make sure to secure a certain amount of profit.
FTM remains extremely Bullish and formed a "FLAG" pattern in daily chart.
If FTM manages to stay above 0.7300 in today's candle on 10/1/2024, we will reach a new TP this week! Otherwise, it may take more time.
If you have not participated yet,
new entry at 0.7300 ~ 0.6900
TP2.1 : 0.8927
TP2.2 : 0.9130
STOP LOSS :
Stop loss would be 0.6311 in case the "DAILY" candle "CLOSES" below 0.6500.
Otherwise, 0.6131.
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Trade Active !Note
FTM is struggling to surpass the 7500 mark, but is putting in a lot of effort. Keep in mind that if FTM breaches and maintains levels between 7500 to 8000, it will likely reach a price of $1.
get ready for TP2.1 : 0.8927
Stop loss daily close below. 0.5800
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A LITTLE WISDOM
Do you understand why SUI was extremely positive while FTM was not? Both protocols are at layer 1. The explanation is that while SUI was a recent cryptocurrency with minimal resistance, FTM faced many obstacles. This principle applies to meme coins as well.
Meme coins that are released at the correct moment will quickly increase in value. Therefore, what is the significance of that? This indicates that keeping onto outdated memes like Shiba is unwise as they are unlikely to increase significantly in value again.
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pfff
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