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FTMUSD trade ideas

FANTOM - Bulls Are Done. Bears Coming In!Following on from our last analysis of Fantom, we closed our long setup with over 200% gains! We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down. Trade idea: - Safe entry on break of red trendline - risk entry on lower timeframe trendline break - tight stops above the highs when either entry trendline breaks - Targets: 0.17, 0.07 Please note that we have confirmations in place in order to tell us whether we're in wave C and to confirm our short idea. Goodluck and as always, trade safe! See our previous setup below:
BINANCE:FTMUSD
by WicktatorFX
10
FTMUSDT.PCertainly! Here's a description for FTM USDT.P: --- **FTM USDT.P (Fantum USDT Pegged)** FTM USDT.P is a groundbreaking cryptocurrency designed to bridge the stability and reliability of the US Dollar Tether (USDT) with the innovative Fantom blockchain technology. This digital asset serves as a vital bridge between traditional finance and decentralized ecosystems, offering users the benefits of both worlds. Powered by Fantom's lightning-fast blockchain infrastructure, FTM USDT.P ensures swift and cost-effective transactions, catering to the demands of a rapidly evolving digital economy. Its integration with the USDT stablecoin provides stability and mitigates the volatility often associated with traditional cryptocurrencies. **Key Features:** 1. **Stability:** FTM USDT.P is pegged to the value of the US Dollar, providing users with a secure and stable medium of exchange within the decentralized finance (DeFi) landscape. 2. **Efficiency:** Leveraging Fantom's high throughput and low-latency consensus mechanism, transactions involving FTM USDT.P are processed swiftly, enhancing user experience and facilitating seamless transfers of value. 3. **Interoperability:** FTM USDT.P is interoperable with a wide range of decentralized applications (dApps) and platforms within the Fantom ecosystem, empowering developers and users to explore diverse financial services and utilities. 4. **Transparency:** Built on blockchain technology, FTM USDT.P ensures transparency and immutability of transactions, fostering trust and confidence among its user base. 5. **Accessibility:** As a digital asset, FTM USDT.P offers global accessibility, enabling users worldwide to participate in decentralized finance, remittances, and cross-border transactions with ease. **Use Cases:** - **Remittances:** FTM USDT.P facilitates instant and low-cost cross-border remittances, empowering individuals and businesses to transfer value globally without intermediaries. - **DeFi Applications:** FTM USDT.P serves as a cornerstone for various decentralized finance applications, including lending, borrowing, yield farming, and decentralized exchanges (DEXs), unlocking new avenues for financial inclusion and innovation. - **Commerce:** Merchants and businesses can accept FTM USDT.P as a reliable payment method, benefiting from fast settlements and reduced transaction fees compared to traditional payment networks. **Conclusion:** FTM USDT.P represents a significant milestone in the convergence of decentralized finance and stablecoin technology. With its unparalleled speed, stability, and interoperability, FTM USDT.P is poised to catalyze the mainstream adoption of decentralized finance, offering users worldwide a robust and efficient alternative to traditional financial systems. --- Feel free to adjust and customize it further based on specific details or preferences!
BINANCE:FTMUSD.PShort
by silarock123
FTM USDT 27% PROFIT TARGET READ DISCRIPTIONCertainly! Let's break down the potential trade setup for FTMUSDT: 1. **Market Analysis**: FTMUSDT is currently positioned within a buying and demand zone, typically areas where significant buying interest exists. Additionally, it's identified as a reversal zone, suggesting a potential change in the direction of price movement. This zone ranges from 0.94 to 0.97, indicating levels where buyers are likely to enter the market, potentially leading to a reversal in the downtrend. 2. **Price Action Analysis**: The price action analysis reveals that FTMUSDT is within a buying zone and forming an ascending triangle pattern. Ascending triangles are bullish continuation patterns characterized by a flat upper trendline and a rising lower trendline. This pattern suggests increasing buying pressure and potential upward momentum. 3. **Trading Conditions**: To initiate a trade, specific conditions must be met. Firstly, a bullish candle breaking above the upper trendline of the ascending triangle acts as a signal for a potential bullish breakout. Secondly, confirmation of the breakout occurs when the accompanying volume surpasses the moving average, indicating strong buying interest and supporting the validity of the breakout. 4. **Profit Target**: The profit target for this trade is set at 29%, indicating the desired percentage increase in price from the entry point. This target reflects the trader's expectations for the potential upward movement in FTMUSDT following the breakout from the ascending triangle pattern. 5. **Risk Management**: Alongside profit targets, implementing effective risk management strategies is crucial. Traders should consider placing stop-loss orders to limit potential losses in case the trade moves against expectations. Additionally, monitoring the trade closely and adjusting positions as necessary is essential to manage risk effectively. 6. **Market Psychology**: Understanding market psychology is key. The presence of a buying and demand zone, coupled with the formation of an ascending triangle pattern, suggests increasing optimism among traders. This optimism could further reinforce the bullish momentum if prices start to rise, potentially attracting more buyers into the market. 7. **Flexibility and Adaptability**: Traders should remain flexible and adaptable in their approach. Markets are dynamic, and unexpected events can occur. Being prepared to adjust strategies in response to changing market conditions is essential for successful trading. In conclusion, the trade setup for FTMUSDT presents a compelling opportunity based on a combination of technical analysis, price action, and market psychology. However, prudent risk management and continuous monitoring of market conditions are essential to navigate the trade effectively and maximize potential returns.
BINANCE:FTMUSDLong
by MOAZAM1133
FTM approaches targetFTM, one of my layer-1 holdings approaches the target of 1.1$. I expect this token to have a major run this cycle as the blockchain truly offers one of the best user experiences. Yesterday I used Solana, Arbitrum, Avalanche and FTM, and honestly, Solana was the worst, most laggy experience with failed transactions. The other three chains although more expensive fee wise ran much better. FTM is only about a 1 cent transaction fee these days anyways. I will update price levels when this area becomes support on the daily. -Short-term 1.1$ -Next area of interest 1.26$
BINANCE:FTMUSD.PLong
by Apollo_21mil
FTM god candleFTM just pumped a major god candle during bullish times. With the impending sonic main net FTM is finally getting the attention it deserves for being such a solid chain. If you have not tried it I highly recommend it. Chart wise the momentum trend like is retaken, there is very little price action until 1.11$ with multiple weeks of history. With this insane btc breakout altcoins might go parabolic for a week or two here. I still am wary of a large pre-halving correction though.
BINANCE:FTMUSD.PLong
by Apollo_21mil