Hey Binance fam! ๐ You might have heard about the big news: FTM is rebranding to S! ๐ฅ This news sent FTM's price on a wild ride! ๐ข But now, we're seeing some serious bullish momentum! ๐
So, what's the deal? ๐ค
FTM has shown a strong bounce after the initial price action from the rebranding news. ๐ If it can hold this level, we could be looking at some exciting targets ahead! ๐
But wait, there's more! ๐ค
We need to keep a close eye on the red level (see chart). โ ๏ธ If FTM loses this level on a higher timeframe (like a daily or weekly chart), it could invalidate the bullish setup. ๐
What should you do? ๐ค
* Watch the Red Level: Keep a close eye on the red level! โ ๏ธ It's our key support level.
* Confirm the Bounce: If FTM holds above the red level, that's a good sign! ๐
* Risk Management: As always, remember to manage your risk! โ ๏ธ Set your stop-loss orders to protect your profits.
Is it time to buy? ๐ค
That depends on your risk tolerance and trading strategy. ๐ง If you're feeling bullish on S and think it's ready to rally, this could be an opportunity to consider.
Disclaimer: This is not financial advice. โ ๏ธ Do your own research and consult with a financial professional before making any investment decisions.
Let's see if S can continue its bullish run! ๐๐๐