$FTT /USDT Technical Analysis: Testing Crucial Levels
$FTT /USDT is trading at $2.78, down 1.79% in the last 24 hours. The price movement shows a consolidation phase near key support and resistance levels, with a possibility of increased volatility.
Support Levels:
$2.65: Immediate support that has previously held during dips.
$2.50: A critical support zone that could trigger more selling pressure if breached.
Resistance Levels:
$2.90: A key short-term resistance. Breaking this level could signal a bullish reversal.
$3.00: Psychological resistance that needs to be cleared for a sustained upward move.
Trading Strategies:
For Bulls: Look for buying opportunities near $2.65 with a stop-loss below $2.50. Target $2.90 and $3.00 for potential profits.
For Bears: Consider shorting below $2.65, aiming for $2.50 as the next downside target. Manage risk with a stop-loss above $2.75.
The RSI indicates oversold conditions at 25, suggesting a possible bounce. Watch for volume confirmation to align your trades with the prevailing trend.