FTM.

Coin Name : $FTM
Trade Type : Short

On the 15-minute chart, FTM Coin has formed a Symmetrical Triangle, signaling a critical point for price action. If the price breaks below the triangle, we could see a bearish movement with a potential 8% drop, based on technical calculations.

#FTM.
On the Bitcoin Dominance Index, an Ascending Triangle has formed, which is a bullish pattern for BTC dominance. This indicates a strong likelihood that Bitcoin will outperform altcoins in the near term.

#BTC Dominance
Upon examining the liquidity heatmap for FTM Coin, we notice a significant concentration of liquidity below the current price level.

Short Term Setup :
Entry : 1.0283
1st TP : 0.9973
2nd TP : 0.9871
3rd TP : 0.9564

$FTM 🦅
🦅Binance has announced its support for the rebranding and token swap of Fantom ($FTM ) to Sonic (S), scheduled for early January 2025.
Key Dates and Actions💥
January 13, 2025🦅
At 03:00 UTC, Binance will delist all FTM spot trading pairs, including FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT.
At 03:30 UTC, deposits and withdrawals of #FTM. will be suspended.
January 16, 2025💥
At 07:00 UTC, deposits for Sonic (S) tokens will open.
At 08:00 UTC, trading for Sonic (S) spot pairs, such as S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT, will commence.
Token Swap Details🦅
All FTM tokens held on Binance will be automatically converted to Sonic (S) at a 1:1 ratio.
Users are not required to take any action for this conversion.
Service Adjustments🦅
Futures and Margin Trading:
#FTM -related contracts will be settled and delisted on January 6, 2025.
FTM will be removed from Cross and Isolated Margin on January 8, 2025.
Loans, Simple Earn, and Auto-Invest:
FTM products will cease support by mid-January 2025.
Other Services:
FTM will be removed from Binance Pay, Convert, and Gift Cards by mid-January 2025.
Tokenomics of Sonic (S):
Initial circulating supply: approximately 2.88 billion tokens.
Initial total supply: 3.175 billion tokens, mirroring #FTM: supply at launch on the Sonic chain.
Total supply will increase at a limited rate of 15% until 2031, excluding block rate rewards.
After four years, the annual inflation rate for S will stabilize at 1.75%.
This strategic upgrade to the Sonic blockchain aims to enhance performance, scalability, and user experience, fostering innovation and ecosystem growth.
#BitcoinInSwissReserves

$FTM
TARGET 1: 0.76 ✅️
TARGET 2: 0.82 ✅️
TARGET 3: 0.87 ✅️
BULLRUN SCENARIO: 0.92 ✅️
#FTM
#ftmpump
#Write2Earn
#Write2Earn!
#FTM.

$FTM

👋 Welcome to TradeCityPro!
In this analysis, I’ll review another coin from our weekly watchlist, FTM (Fantom). Previously, I analyzed this coin, highlighting the breakout trigger at 0.8401. If you entered a position or bought in the spot market, you likely secured solid profits. Let’s re-evaluate this coin with fresh insights, analyzing it on the daily and 4-hour timeframes.

📅 Daily Timeframe: Weekly Resistance Break with Trend Weakness
On the daily timeframe, FTM is exhibiting a parabolic trend accompanied by a curved ascending trendline. So far, the price has reacted to this trendline three times, each time resuming its upward movement and ending corrections.

📈 In the last leg of the uptrend, after breaking the 0.7707 resistance, the price surged to the weekly resistance zone at 1.1116. The price even stabilized above this level; however, the trend is not in an ideal state.

🔍 Following the breakout of 1.1116, candle sizes have gradually shrunk, corrections have deepened, and volume has been declining. Additionally, the RSI is showing signs of a divergence that hasn’t yet materialized but could influence the chart upon a breakdown below 55.74 on the RSI.

🔑 A notable aspect of sharp trends and pre-pump movements is their inherent trend weakness and potential for reversals. Interestingly, when trend weakness peaks, the trend often resumes sharply with large candles, nullifying all indicators of weakness and aligning them to support the trend.

🔼 If the trend continues, the first resistance level, a minor resistance, is at 1.6218. If the price stabilizes above this zone, the next resistance lies at 3.2506, the strongest resistance for FTM. This zone is near the ATH and represents a major supply area.

📉 In case of a correction, the first immediate support is the curved trendline, which the price may react to. If this trendline breaks, the next levels are 1.1116 and 0.7707. A stabilization below 0.7707 would invalidate the bullish scenario, and the price could target supports at 0.5349 and possibly 0.2928.

⏳ 4-Hour Timeframe: Moving Within an Ascending Channel
On the 4-hour timeframe, the price is moving within an ascending channel and is currently interacting with the channel's midline. So far, the channel's bottom has provided strong support. As long as the price remains within this channel, no sharp movements are expected.

🚀 If the channel breaks upward, two scenarios may occur:
Trend Exhaustion: The price could re-enter the channel, leading to a loss of bullish momentum and increasing the likelihood of breaking the channel downward.
Parabolic Continuation: The price could break the channel with high momentum and large candles, initiating a new parabolic uptrend.
The next static resistance is at 1.636, a suitable futures trigger level. However, the price has not reacted to this zone yet, so it’s safer to seek long positions based on Dow Theory and channel breakouts.

🔽 For short positions, I would personally wait for a channel breakdown and possibly a break below 1.0957, although this would be a high-risk setup. Instead, I prefer to wait for a clear trend reversal on the High Wave Cycle or Medium Wave Cycle before entering.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
#FTM. #BinanceSquareFamily #Marketsentimentstoday #BinanceAirdropsCATandPENGU

$FTM

I believe the blue box in FTMUSDT represents a high-value demand zone. Considering that overall market conditions are not favorable, I’ve opted for a lower entry point that aligns with a more cautious and strategic approach.

This blue box stands out due to its significance from multiple perspectives. I utilized heatmap, cumulative volume delta (CVD), and volume footprint techniques to pinpoint this area as a precise zone where buyers are likely to show strength.

Key Points:

[]Market Conditions: Weak, favoring conservative and well-planned entries.
[]Blue Box: A critical demand zone identified with advanced tools.Techniques Used: Heatmap, CVD, and volume footprint for accuracy.

If you'd like to learn how I use these techniques to determine accurate demand zones, just DM me!

If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
#FTM. #Ftmusdt #Write2Earn! #BinanceSquareFamily