Is FTMUSDT About to Make a Major Move?Yello Paradisers! Are you ready for what could be a significant bullish move on FTMUSDT? Let’s dive into the chart and break it down.
💎FTMUSDT has been following a descending channel and recently formed an inverse head and shoulders pattern, which increases the probability of a bullish breakout.
💎If FTMUSDT breaks out and closes a candle above the resistance zone, this will validate both the inverse head and shoulders pattern and the descending channel, giving us a stronger confirmation of a potential bullish move.
💎On the other hand, if we see a pullback from the current level, we could expect a bounce from the support zone, potentially forming a double bottom pattern. However, to increase our confidence in a bullish reversal, we’ll need to see an I-CHoCH (internal change of character) signaling a shift in market structure.
💎But remember, if FTMUSDT breaks down and closes a candle below the support zone, this would invalidate our bullish scenario entirely.
🎖 That’s why, Paradisers, patience and discipline are key. Always wait for clear confirmations before taking action. Consistency is the way to long-term profitability in this market!
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