$FTT /USDT Technical Analysis and Trade Signals
Current Price: $3.19 (-1.87%)
Trend: Bearish with a potential for short-term recovery
Technical Indicators:
RSI (14): Slightly oversold (~38), indicating a possible bounce.
MACD: Bearish crossover with decreasing momentum, suggesting caution.
Support Levels: $3.16 (key level), $3.05 (strong support).
Resistance Levels: $3.25 (minor), $3.36 (major).
Trade Signals:
Entry Point:
Buy Entry: $3.16–$3.18 (near support for low-risk entry).
Sell Entry (Short): Below $3.15 if further breakdown occurs.
Targets for Long Trade 🎯:
1. Target 1: $3.25 (Immediate resistance)
2. Target 2: $3.32 (Key Fibonacci level)
3. Target 3: $3.36 (24h High Resistance)
Stop-Loss:
For Long: $3.10
For Short: $3.25
Trade Momentum:
Short-Term Momentum: Bearish (Monitor closely for RSI recovery).
Mid-Term Momentum: Neutral to Bullish (if $3.25 resistance breaks).
Keep a close eye on volume spikes and 1-hour/4-hour candlestick patterns for confirmation before entering trades.