🔥 FTM Bounce From Support: Update

Fantom / TetherUS BINANCE:FTMUSDT

FieryTrading

A few days ago I made an analysis on FTM and the horizontal channel it was trading in. I noted that the bottom area of support was likely going to hold and cause a bounce.

🔥 FTM Entered Massive Support Area: Horizontal Channel

And there we are. FTM touched the lower bound of the support area and has been trading very bullish ever since. If BTC can maintain current levels, we might see a huge influx of new buyers coming to FTM (and alts in general). Long term target is the top area of resistance. Intermediate target around the $2.2 area.

Happy trading!

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