FTMUSDT: Bearish Head and Shoulders Pattern

FTMUSDT Technical analsysis update

$BINANCE:FTMUSDT has formed a bearish head and shoulders pattern on the daily chart, with price moving the support level below. If a breakdown is confirmed on the daily chart, we could expect a potential drop of 20%-60% in FTM. Additionally, the price has fallen below the 100 EMA, adding further confirmation of a bearish trend.


Short level: Above $0.58

Stop loss : $0.675

Target 1 : $0.530
Target 2 : $0.420
Target 3: $0.260