FTM/USDT Daily Chart: Key Supply and Demand Zones

14 giu

FTMUSDT

The chart is for the cryptocurrency pair FTM/USDT on the Binance exchange, displayed on a daily timeframe with Heikin Ashi candles. The chart shows various supply and demand zones, Points of Interest (POI), and key levels.

### Chart Analysis:
1. **Current Price**: The current price of FTM/USDT is 0.6084 USDT.
2. **Supply Zones**:
- Around 1.8000 USDT
- Around 1.3000 USDT
- Around 0.9500 USDT
- Around 0.8000 USDT

3. **Demand Zones**:
- Around 0.3500 USDT
- Around 0.5200 USDT

4. **Points of Interest (POI)**:
- Multiple POIs indicated on the chart, suggesting significant levels where price action may have shown notable movements.

5. **Volume Profile**:
- The volume profile on the right side shows higher trading volumes at certain price levels, especially around the mid-price range.

6. **Price Movements**:
- The price has previously reached highs and experienced significant movements between the supply and demand zones.

### Key Observations:
- **Immediate Support**: The nearest demand zone around 0.5200 USDT could act as immediate support.
- **Immediate Resistance**: The nearest supply zone around 0.8000 USDT could act as immediate resistance.
- **Market Trend**: Given the presence of multiple demand zones below the current price and supply zones above, the market appears to be in a range-bound phase or experiencing consolidation.

### Potential Trading Strategy:
- **Long Position**: Consider entering a long position near the demand zone around 0.5200 USDT, with a target towards the supply zone at 0.8000 USDT. Ensure a stop loss below the 0.5200 USDT level to manage risk.
- **Short Position**: Consider entering a short position near the supply zone at 0.8000 USDT, with a target towards the demand zone at 0.5200 USDT or below, depending on risk appetite and market conditions.