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FTMUSDT Perpetual Contract

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FTMUSDT.P trade ideas

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
FTM Short SetupFTM has breached its main support level on the daily chart, turning this former support into resistance. The price is currently in the designated blue zone, signaling a potential entry point for short positions. Investors are advised to implement strict risk management strategies, including placing stop-loss orders just above the blue zone to limit potential losses. Additionally, the market is facing negative fundamental pressures due to ongoing geopolitical tensions, which could exacerbate the downward trend. Exercise caution and monitor market conditions closely.
Short
by Lamassu_Trade
📈FTM: Unveiling Potential Trading Opportunities in the Market🔥☀️In today's analysis, we dive into the realm of Fantom (FTM), a coin exhibiting promising potential in the market. Focusing on the daily timeframe, we dissect FTM's price action and chart patterns to uncover strategic entry points for traders seeking bullish opportunities. 📈Since October last year, FTM has delivered remarkable gains, surging approximately 570% to reach the $1.1485 ceiling. Currently undergoing a corrective phase, FTM appears poised for its next significant upward movement, presenting an opportune moment for traders to capitalize on potential profits. 🔍Zooming into the daily timeframe, we observe a prevailing high wave cycle indicative of an upward trend. In alignment with trading principles, our focus remains on identifying entry points within the prevailing bullish trend. FTM's recent retracement to $0.6267, coinciding with the 0.618 Fibonacci level and forming a strong point of reversal zone (PRZ), underscores the potential for a bullish continuation. 📊 As volume gradually diminishes, both primary traders and whales remain absent from the market, contributing to increased market volatility. In such conditions, refraining from trading presents the optimal choice, ensuring prudent risk management amid erratic market behavior. 📉Observing SMA99's proximity to price action, we recognize its significance as a key entry point during upward trends, often catalyzing significant price movements. Furthermore, the trend curve exhibits a gentle slope, indicative of a parabolic ascent, albeit with associated risks of trend curve breakdowns leading to sharp market declines. 🛒For spot traders, multiple entry points exist. Firstly, identifying a strong bullish candle within the current range presents a high-risk, high-reward opportunity. Alternatively, entry upon breaching the box resistance at $0.7971 offers a more conservative approach, minimizing risk while ensuring confidence in the bullish momentum. Lastly, a breakout above $1.1485 signifies a strong confirmation of the uptrend, albeit with potentially lower profit margins. ⚠️While near-term targets include $1.6673, a crucial resistance level, and ultimately the all-time high (ATH), it's essential to employ fibo extension tools post the $1.1485 breakout to refine target levels and mitigate risks. 📝As we navigate the complexities of FTM's market dynamics, exercising caution and strategic decision-making remain paramount. Stay tuned for ongoing updates and insights as we continue to navigate the ever-evolving landscape of cryptocurrency trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
FTM: Keep an eye on this level! If you're looking to trade FTM at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.76$ and take profits at the levels shown in the chart. Targets: 1. 0.77$ 2. 0.78$ 3. 0.79$ 4. 0.805 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
📈 Trade Alert: FTM Long Position Setup! 🚀📊📊 Asset: FTM/USD 📉 Current Price: $0.73 - $0.80 (Support Area) 🎯 Entry Strategy: Initial Entry: Allocate 50% of capital at the current support level. Additional Entry: Add remaining capital upon price breaking through $0.80. 🎯 Take Profit Targets: $0.99 - $1.05 $1.14 - $1.23 🛑 Stop Loss: Just below $0.70 📈 Analysis: FTM is trading within a supportive range, indicating potential for an upward move. The trade plan involves scaling in gradually to manage risk and capture potential upside momentum. Take profit targets are set at key resistance levels, with a tight stop loss to mitigate downside risk. 📊 Risk Management: Monitor price action closely and adjust stop loss levels if needed. Remain attentive to market developments and adjust strategy accordingly. 🚀 Trade with Confidence! 🌟 #FTM #LongPosition #TradingStrategy 📈🔥
Long
by Richtv_official
FTMUSDT.1DThis daily chart for Fantom (FTM/USDT) presents a price that is attempting to recover from a previous downtrend. The price action has broken above a descending trendline, which could be an early indication of a change in trend. The Relative Strength Index (RSI) is near the midpoint at 45.08, suggesting that there is neither overbought nor oversold pressure at the moment. The current price is $0.7455, and it's facing immediate resistance at the $1.0646 level (R2). If the price can sustain above the trendline and push past R2, it might confirm a trend reversal towards the bullish side. There's a notable support at $0.5275 (S2), and maintaining above this level is key for the bulls to hold control. Traders might look for long positions with a break above R2, setting stop losses just below S2 to manage risk. Should the price fail to hold above the trendline or break below S2, it would signal caution and possibly a resumption of the bearish trend. Watching for increased volume on upward moves would further confirm the bullish momentum.
by MarsSignals
FTM: Keep an eye on this level!If you're looking to trade FTM at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.851$ and take profits at the levels shown in the chart. Targets: 1. 0.875$ 2. 0.93$ 3. 0.975$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
by MBM_Crypto