FTT/USDT Market Analysis and Trading Strategy

Market Overview

The current price of FTT is $3.6843, up +6.00% for the day. From the chart, the price has broken through the MA7 moving average, indicating an increase in short-term upward momentum, while the MACD indicator shows a positive expansion trend, reflecting optimistic market sentiment.

Key Levels

• Support Levels: $3.5000, $3.3600

• Resistance Levels: $3.7800, $4.0000

Short-term Trading Strategy

1. Long Position Strategy:

• If the price stabilizes around $3.5000, consider taking a small long position, targeting $3.7800 and $4.0000, with a stop loss set at $3.4800.

• If the price breaks above $3.7800, consider adding to the position, targeting $4.0000 and $4.2000.

2. Short Position Strategy:

• If the price falls below $3.5000, consider attempting a small short position, targeting $3.3600, with a stop loss set at $3.5200.

• If the price rebounds and faces resistance near $3.7800, consider a short position, targeting $3.5000, with a stop loss set at $3.8000.

Market Outlook

The short-term trend for FTT is upward, but attention should be paid to potential selling pressure near resistance levels. If the market can break through the resistance with increased volume, there is potential for further gains; if trading volume declines, a pullback may occur. Investors should remain cautious and pay attention to the breakout situations of key support and resistance zones.

Daily Analysis

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