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FTM/USDT - Potential Short Scenario

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Hello Traders!

FTM continues its downward price formation. Currently, the asset is testing the support level of $0.27.

The appearance of convergence on a two-day timeframe confirms the strength of a downtrend, the aggressive continuation of which will send the price to new support levels.

Soon we can assume that the downward movement will culminate in a withdrawal of $0.1025.

We can search medium-term entrances in the price range of $0.1025 - $0.1530.

The targets will be the price levels of $0.27 and $0.43

Good luck, and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice

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