In terms of spot trading, one can start laying out positions for $FTM spot. Its major resistance range has been broken through, and a pullback action has been completed, with the target price estimated to reach 2.
From the daily chart perspective, FTM has successfully broken through long-term resistance, and after confirming support on the pullback, it has been able to stand firm. The overall structure is relatively complete, showing a pattern of a volume breakout followed by a decrease in volume during the pullback, with funding signals displaying clear strong characteristics.
The MACD indicator has formed a golden cross and continues to show increasing volume, with the upward trend being evident. The RSI indicator has entered a healthy upward range, still having room for further ascent.
If you want to delve deeper into the cryptocurrency space but can't find direction and want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 learn more in my profile
