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Why Fantom’s ABC Wave Points to Potential Shorting Opportunities

Author: Content Editor
The given crypto news content suggests that Fantom (FTM) is expected to experience a correction in the near future. The indicators reviewed include the presence of a Head and Shoulders pattern and an ABC corrective pattern, both of which forecast a bearish turn. The Head and Shoulders pattern, in particular, is seen as a reliable signal of a trend revision. The $2.00 level is identified as a key point of downside risk for FTM. Additionally, an ABC corrective wave is forming, which indicates a retracement zone for the price. Traders are advised to consider short positions and set specific targets based on these patterns. The content also mentions the possibility of a bullish market, but suggests placing stop loss orders to manage risk. Overall, the technical patterns indicate adversity for bulls and potential for bears in the FTM market.

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