🔥 FTM Fallen Through Long-Term Support

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As of today, FTM has fallen through a long-term support at $0.95. In my view, FTM has shown a lot of weakness lately, and the fall of $0.95 is the start of a potentially longer-term correction.

Ultimately, I'd be looking for a bounce around the $0.6 area, given that BTC will find a bottom at that point. Long-term traders might want to avoid this token for a while because of the overly poor price action as of late.

Short-term traders might see a bounce in the coming days since the daily RSI is below 30 (oversold) for the first time in over 1.5 years.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.