Technical Analysis and Trade Signals for $FTT
/USDT 🎯 🚀
Technical Analysis:
Trend: Bullish
The price is trading above the Bollinger Bands and the Parabolic SAR (1.7411), indicating strong upward momentum.
Support Levels:
1.7978: Bollinger Middle Band (SMA).
1.7411: Parabolic SAR.
1.7213: Bollinger Lower Band, deeper support.
Resistance Levels:
1.9472: 24h high and the first key resistance.
2.00: Psychological resistance zone.
2.15: Extended resistance, near-term stretch target.
Trade Signals:
1. Entry Zone:
Ideal buy zone: 1.85-1.90 (on retracement near Bollinger Band or trend continuation above).
2. Targets 🎯:
Target 1: 1.97 (recent high and breakout point).
Target 2: 2.05 (psychological level with continuation momentum).
Target 3: 2.15 (extended resistance based on trend projection).
3. Stop-Loss:
Place a stop-loss below 1.74 (SAR and key support zone).
Trade Momentum:
Short-Term: Strong bullish momentum; price riding above Bollinger upper band indicates potential for further gains. Watch for a pullback near 1.85-1.90 for a better risk-reward entry.
Medium-Term: A sustained breakout above 1.97 could signal further upward continuation toward the psychological level of 2.05 and beyond.
Risk Management:
Keep risk-to-reward at least 1:2 by adjusting stop-loss and entry levels.
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