technical analysis for $FTT /USDT:

Current Price: $3.3086

24h High: $3.6180

24h Low: $3.2834

Volume: 6.24M FTT, 21.41M USDT

Market Sentiment: Bearish (down by 8.30%)

Key Levels:

1. Support Level 1 (S1): $3.2834 (24h Low)

A strong support zone that has already been tested, where buying pressure may appear if the price reaches this level.

2. Support Level 2 (S2): $3.2

A minor support level where price could consolidate or bounce back if there's no significant bearish momentum.

3. Resistance Level 1 (R1): $3.5

Price faces resistance at this level. If broken, it could indicate a potential uptrend.

Trade Targets (Three Target Levels 🎯):

1. Target 1: $3.45

A reasonable short-term target based on the current price action, especially if the price breaks the $3.5 resistance level.

2. Target 2: $3.55

This target is based on a retracement or a continuation if the momentum shifts bullish.

3. Target 3: $3.65

A higher target in the event of a sustained bullish move.

Trade Signal:

Buy: At current price levels ($3.3086), with confirmation at the $3.2834 support level.

Stop-Loss: Place below $3.2 for risk management.

Take Profit: Consider partial exits at $3.45, $3.55, and $3.65 for optimal risk-reward.

Momentum Indicators:

RSI: Currently neutral but leaning toward oversold, suggesting possible reversal or consolidation near the support zone.

MACD: The MACD shows slight bearish momentum but could turn bullish if the price breaks above $3.4.

Overall Outlook:

Bearish pressure in the short term with possible bounce at support levels.

Monitoring for a break above $3.5 for a potential reversal to bullish momentum.

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