$FTM has finally broken out of a descending channel, driven by a strong push from the bullish order block at $0.5700. While this could mark a potential turning point, the rally still needs to clear the critical bearish zone between $0.935 - $1.177, which previously served as support.
If bulls push through this resistance, we could see a powerful move upward, signaling that bulls are gaining control. 🔥 However, if the momentum stalls, watch for a pullback to retest the breakout zone around $0.4750. Failure to hold this support may trigger a drop toward the lower demand zone at $0.3100.
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