$FTT /USDT Analysis on Binance

📊 Current Price: $2.8432

🔍 Market Sentiment: Consolidation phase after testing resistance at $2.92, with support around $2.78.

Key Levels to Watch:

Resistance: $2.92

Support: $2.78

Analysis:

The chart shows sideways movement with increasing volume near resistance levels, signaling a possible breakout.

The MACD indicator is nearing a bullish crossover, suggesting upward momentum may be building.

Trade Signal:

Scenario 1: Long Position

Entry Zone: $2.84 - $2.86

Target Prices:

TP1: $2.92

TP2: $3.00

Stop Loss: $2.78

Scenario 2: Short Position (if breakdown occurs)

Entry Zone: Below $2.78

Target Prices:

TP1: $2.72

TP2: $2.65

Stop Loss: $2.85

🔑 Strategy:

Watch for a breakout above $2.92 with strong volume for a bullish continuation.

In case of rejection, look for a short setup near $2.78 support.

⚠️ Use proper risk management and monitor key levels closely.

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