Here's a concise technical analysis and trade signal for the $FTT
/USDT pair:🔥💯
Technical Analysis:
Current Price: 3.5735 USDT
Trend: Bullish (Price has risen by +5.58% in the last 24 hours)
Support Levels:
3.2300 USDT (24h low)
3.2957 USDT (Recent depth level)
Resistance Levels:
3.6000 USDT (24h high)
3.6153 USDT (Depth Buy Order)
Momentum:
Positive price movement with a gain of +5.58% indicates strong upward momentum.
RSI (Relative Strength Index) could be showing bullish momentum, but need confirmation for overbought conditions.
MACD (Moving Average Convergence Divergence) suggests potential continuation of the bullish trend.
Trade Signal:
Buy Entry: Consider entering at 3.5700 USDT or on any minor retracement towards the support zone at 3.5300–3.5500 USDT.
Target Levels:
1. Target 1 (T1): 3.6000 USDT (near the 24h high)
2. Target 2 (T2): 3.6500 USDT (a slightly higher resistance level)
3. Target 3 (T3): 3.7000 USDT (next strong resistance area)
Stop-Loss: 3.2957 USDT (slightly below recent lows for a safer exit in case of reversal)
Trade Momentum:
Expect continued upward momentum as the price is above key support levels. However, it’s crucial to keep an eye on volume and momentum indicators like RSI and MACD for signs of a potential reversal or pullback.