📊 $FTT
#/USDT: Breaking Out or Breaking Down? 🚨
🔴 Current Price: $2.9647 (-1.16%)
FTT/USDT is testing the upper boundary of the descending channel on the 4H chart, a critical level that could determine the next big move.
📈 Bullish Case:
A breakout above $3.08 may signal a reversal, targeting $3.50 and higher.
With strong 90-day gains of 119.90%, momentum remains on the bulls' side for the long term.
📉 Bearish Case:
Failure to hold current levels could push the price back toward the $2.50 support zone, respecting the descending channel trend.
💡 Strategy:
Short-term traders: Watch for volume confirmation before entering positions.
Long-term investors: Accumulate near support zones if bearish moves prevail.
⚡ Key Levels:
Resistance: $3.08, $3.50
Support: $2.50, $2.00
🔗 Stay Vigilant: Monitor closely to ride the next major move with confidence.