Is FTMUSDT About to Skyrocket? Key Levels to Watch Now!
2024-10-19

Yello Paradisers! Could #FTMUSDT be gearing up for a massive rally? Let's dive into the latest price action and what might be on the horizon for this altcoin.

💎#FTMUSDT has been respecting a strong ascending support line, with multiple touches confirming its validity. Recently, we saw a market structure break to the upside, resulting in a new higher high. Now, a much needed retracement has played out, and we’re starting to see signs of bullish momentum building again.

💎On the lower time frames, FTMUSDT has formed a double bottom pattern, hinting at a potential bullish reversal. If we get a clean Change of Character (ChoCH) confirmation, FTMUSDT could be poised for a significant move upwards.

💎FTMUSDT has successfully flipped a crucial support/resistance level, and the price is currently hovering just above it, showing strength. The next major resistance zones to target are around $0.7658, with a stronger resistance at $0.8377. There’s still an untouched demand zone below, along with a Fibonacci retracement level that could attract a final dip before any further bullish push.

💎If FTMUSDT closes a 4hour candle below $0.6720, the bullish thesis would be compromised, suggesting potential downside risk.

Stay sharp and play it safe, Paradisers. This could be a powerful move—but only if the market continues to respect these levels.

MyCryptoParadise
iFeel the success🌴


