🚀 Current Price: $2.7245 USDT

Market Insights: FTX Token (FTT) is currently soaring on the Binance platform, hitting a price of $2.7245 with a stunning 11.30% increase in the last 4 hours alone! Over the past week, FTT has rallied impressively, showing an 85.33% surge, signaling strong buyer interest and momentum in the market.

Key Levels to Watch:

Resistance: $2.8550. FTT has touched this level recently, hinting at potential hurdles for further upward movement.

Support: $2.2850. This level has acted as a strong foundation during the recent price dips, providing a safety net for the token.

Trade Strategy:

Bullish Scenario: If FTT continues its upward trajectory and breaks past the resistance at $2.8550, consider entering a long position. Potential targets could be set around $3.000 and higher if the momentum sustains. Place a stop loss slightly below $2.800 to protect against any sudden reversals.

Bearish Scenario: Should market sentiment shift and FTT drops below $2.2850, a short position might be favorable. The target for this setup would be closer to the $2.200 level, ensuring a stop loss is placed around $2.400 to mitigate risks.

Prediction: Given the current positive trend and market enthusiasm, FTT could potentially test and surpass the $3.000 mark if the buying pressure continues. However, traders should remain vigilant and responsive to any signs of market cooling or resistance rejections at higher levels.

Final Thoughts: FTT is showing strong market movements that could spell significant opportunities for traders. As always, keep an eye on global crypto sentiments and news that might affect market behavior. Happy trading and let's keep those gains coming on Binance! 🌟

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