Fantom Menace ($1.60)- one of strongest Layer 1s off the lows
- catalysts w/ upcoming account abstraction + Fantom Virtual Machine
- much lower market cap than other premier SC platforms w/ only ~1.4B
- retest of multi-month range highs, don't want to see this trade back into the range on weekly basis
- intra week dips into higher low of weekend from SVB implosion + USDC depeg + banking contagion fears should be good buys
FTMPERP
FTM 4H BUYFTM 4H support is at ~$0.21
Enter 50% at the current price
and try to set some BUY orders near the support zone
If FTM stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Bullish on Fantom, bears weaken, bulls are gaining momentum The price is up and down between the box area. The bulls are accumulating more and more position, and I think it will go back to the resistance at 0.3168, and if the bull is strong, we might see a pump to 0.4135.
$ftm maybe playing into resell range or we just pulled liquidityThis looks like a retest after a breakdown or we could have just pulled liquidity to run up. I prefer the later but, I hope to be prepared for the former.
FTM long opportunityThe prior swing low has been taken and long entries can be taken in the 1D demand zone (blue box)
Price objective is the range high.
FTM PERP IDEAFTM is declining to our support at 1.31 should that floor hold we could see BULLS come in and take this to 2.98 area or 3.32
