$FTT My analysis is always correct 😁💯
As predicted, $FTT is consolidating within the $3.60 to $3.90 range. This phase of sideways movement could indicate accumulation before a potential breakout. The price is currently trading at $3.7160, up 7.15% in the last 24 hours, showing steady activity.
Key Observations:
Resistance: $3.90
Support: $3.60
Potential Scenarios:
A breakout above $3.90 could push $FTT towards the $4.10 level.
A breakdown below $3.60 may test support at $3.50.
Strategy:
Wait for confirmation of breakout or breakdown before entering positions.
Long positions: Above $3.90 with a target of $4.10.
Stop-loss: Below $3.60 for risk management.
Stay vigilant as consolidation often leads to significant price movements.