FTT/USDT Technical Analysis
Current Price: $3.3068
Trend: Bullish (upward momentum with a +10.05% increase in 24h)
Support Level: $2.8301 (24h Low)
Resistance Level: $3.5700 (24h High)
SAR: $3.4727 (suggests an upward trend continuation)
Key Technical Indicators:
Moving Average: A strong upward trend is visible as the price is holding above key moving averages.
RSI: Potentially in the overbought zone (look for retracement if RSI exceeds 70).
Volume: A healthy increase in trading volume indicates strong buying pressure.
Trade Signal:
Buy: Consider entering near the support zone around $3.00 (buy if price holds above $3.00).
Stop Loss: Set at $2.80 to limit risk.
Target Levels 🎯:
1. Target 1: $3.50 (near recent highs and key resistance)
2. Target 2: $3.75 (extension based on upward momentum)
3. Target 3: $4.00 (psychological level and next resistance)
Momentum:
The market shows strong bullish momentum, with recent price action pushing higher. Buyers are likely in control, but watch for potential pullbacks to confirm support levels before entering.
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