2021-09-02 12:37:34
**FTMUSD - 1D - ANALYSIS**
Fantom has begun to pop off, as the ecosystem rally continues to fluctuate between SOL/AVAX/FTM and etc.
Following an impressive influx of volume, FTM has had a very impressive rally, totaling a 125% off the lows of August 27, 2021. Not a bad trade at all for such a short amount of time.
To my understanding, FTM is currently battling its last known resistance. After this is my favorite sort of price action: Price discovery.
In order to bid projects like this safely, it is better to wait until price discovery is actually met, rather than longing in anticipation of it. I do believe FTM will hit levels a lot higher than this, but at the same time
**Overall Sentiment:** Very bullish once price discovery is reached and previous ATH is held as support. Careful with leveraged longs as they can become easily wiped out.
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