FTM Technical Analysis
- Buy: TP $0.62, SL $0.36
- Pattern: Falling Wedge, price reached $0.50 (+25%) but got rejected. Wait for a break above $0.50 for a +20% upside to $0.62, or a pullback near $0.40 for another swing trade entry with +25% upside to $0.50. Stop Loss at $0.36.
- Trend: Short-term strong up, medium-term neutral, long-term strong down.
- Momentum: Price is neither overbought nor oversold (RSI 30-70).
- Support: $0.40, $0.30
- Resistance: $0.50, $0.62
Summary: Although price is in a downtrend, there are positive signs with a higher low. Wait for a breakout above $0.50 or a pullback to $0.40 for swing trade opportunities, with TP at $0.62 and SL at $0.36.
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