The current 1/2 hour candlestick chart of FTM shows a clear bullish dominance. In today's trading, we should pay close attention to the key position of 0.8357. As long as the price can stabilize and not fall below this point, the 2/4 hour cycle will maintain a bullish pattern.
Driven by the bullish forces, the upper target positions are worthy of our attention, which are 0.9102, 0.9250 and 0.9412. Once the price successfully reaches or breaks through these positions, it will further verify the strength of the bullish forces.
However, the market is always full of variables. If the FTM price falls back, we should pay attention to the two support positions of 0.8228 and 0.7972. As long as the price is effectively supported near these support levels, the bulls may still have the possibility of exerting force again.
However, it should be noted that if the price falls below 0.8847, it may indicate the beginning of a short-term correction. At this time, we should quickly adjust our trading strategy to avoid potential risks.
For short-term traders, spotting is crucial. Paying close attention to market dynamics and responding flexibly to price changes are the keys to earning more profits. In the cryptocurrency market, which is full of opportunities and challenges, only by accurately grasping the opportunity can you be invincible.
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