FTM is arguably the largest winner since the huge bullish reversal in late July. However, with Bitcoin losing strength, FTM lost over 30% of the gains, losing almost all gains of last week.
In my view, there's currently not a major support in sight. So, unless BTC reverses substantially in the coming hours, FTM will likely fall further.
My main area of reversal is the zone between $0.96 (previous ATH) and $1.15 (local top & re-tested support). Main target for the potential reversal is $1.50.
Happy trading!
In my view, there's currently not a major support in sight. So, unless BTC reverses substantially in the coming hours, FTM will likely fall further.
My main area of reversal is the zone between $0.96 (previous ATH) and $1.15 (local top & re-tested support). Main target for the potential reversal is $1.50.
Happy trading!
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