The chart you’ve shared highlights a sharp decline in $FTT /USDT, currently trading at $3.33 (-12.60%). Here’s a brief technical breakdown and market insight for traders:

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📊 Key Observations

1. Major Resistance Level: $4.20 was the recent peak where the rally faced rejection, signaling strong selling pressure.

2. Immediate Support Zone: $3.26, the lowest level reached in this downtrend, serves as the critical support. Breaking below could trigger further declines.

3. MACD Indicator: Bearish crossover indicates increasing downward momentum.

4. Volume Analysis: Declining trade volume signals weakening bullish interest, putting additional pressure on the price.

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🚨 Market Outlook

Bearish Continuation? If $3.26 fails to hold, $FTT could test lower levels around $3.00 or even $2.75, areas of historical demand.

Potential Recovery: Bulls need to reclaim $3.55–$3.60 to regain control and attempt another run toward the $4.00 resistance.

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💡 Trading Strategy

For Bulls: Wait for a confirmed bounce above $3.60 with rising volume before entering long positions.

For Bears: Consider shorting on a breakdown below $3.26, targeting $3.00 or lower.

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🚀 Final Insight

FTT's sharp dip highlights the need for disciplined trading and risk management. Stay cautious and prioritize confirmed setups over speculative moves.

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