š $FTT /USDT Technical Analysis š
Current Price: $2.9899 (+9.48% in 24h)
Timeframe: 30m Chart on Binance
$FTT has shown strong bullish momentum, reaching a 24h high of $3.0861. The price is now consolidating near the $3.00 level, signaling potential for further upward movement if resistance levels are broken.
Key Levels and Targets
1ļøā£ Immediate Resistance: $3.0500
A breakout above this level could confirm a continuation of the bullish trend.
2ļøā£ Next Target Zone: $3.2000
A significant psychological level that could act as a mid-term target for traders.
3ļøā£ Long-term Target: $3.5000
A critical level indicating sustained bullish pressure and a higher price range.
Trading Strategy
Short-term traders: Look for entries above $3.0000, targeting $3.0500 and $3.2000.
Long-term investors: Accumulate near support at $2.9500 and hold for a potential breakout toward $3.5000.
š Support Levels:
Immediate support at $2.9500, with a stronger base at $2.8500.
Recommendation
Secure partial profits as the price nears resistance levels. Adjust stop-loss levels to protect gains and monitor trading volumes for confirmation of breakouts above $3.0500.