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 - EconoTimes)
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FTMUSD was one of the best performers the previous week.
Any weekly close above $0.75 confirms further bullishness.
FTMUSD was the best performer and surged more than 80% in the past ten days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.7489 and is currently trading around $0.65790.
The bullish invalidation can happen if the pair closes below $0.23. On the lower side, the near-term support is $0.60. Any break below targets $0.40/$0.280. significant downtrend if it breaks $0.230.
The immediate resistance stands at around $0.75. Any breach above confirms a minor pullback. A jump to $0.90/$1 is possible. A surge past $1 will take FTM to $1.60.
It is good to buy on dips around $0.75 with SL around $0.50 for TP of $1.60.
