$FTT
/USDT Strong Dip Move Confirm šÆ š« Ready For Potential Opportunity Again š„šÆ
Overview:
Current Price: 3.4745 USDT (-8.08%)
24h Range: 3.4220 - 3.8500 USDT
Volume: 7.49M FTT (26.80M USDT)
Trend: Bearish in the short-term, with recent price pullback, but could be setting up for a reversal.
Key Levels:
Support: 3.40 (Immediate), 3.30 (Strong).
Resistance: 3.60 (Immediate), 3.85 (Recent High).
Trade Strategy:
1. Entry:
Long above 3.50, or breakout above 3.60 with volume confirmation.
2. Targets šÆ:
šÆ Target 1: 3.60 (Immediate Resistance).
šÆ Target 2: 3.85 (Recent High).
šÆ Target 3: 4.00 (Psychological Level).
3. Stop-Loss:
Below 3.30 to manage risk.
Momentum Check:
RSI: ~40, indicating possible oversold conditions.
MACD: Negative, signaling short-term bearish pressure, but potential reversal if momentum picks up.
Volume: Decreasing, suggesting a lack of strong bearish continuation.
Tip:
Look for confirmation above 3.50 for a potential reversal, with 3.60 and 3.85 as immediate targets. Tighten stops near 3.30 if the bearish trend resumes.
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