š $FTT /USDT - Downtrend Alert! š
Current Price: $3.2771 (-6.53%)
24H High: $3.5338
24H Low: $3.2602
24H Volume: 6.42M FTT
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šØ Market Insights
$FTT is under selling pressure, breaking below key levels, and signaling a continuation of the bearish trend. Short-term rebounds could offer opportunities for traders, but caution is advised as the downtrend intensifies.
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š Critical Levels to Watch
Resistance Zones:
$3.35ā$3.40: Minor resistance for possible short-term recovery.
$3.50ā$3.55: Strong resistance, unlikely to break in the current downtrend.
Support Zones:
$3.20ā$3.25: Immediate support zone to monitor.
$3.00ā$3.10: Potential next level if selling pressure persists.
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Short Trade Setup š”
šÆ Entry (Short): $3.30ā$3.35
š Stop Loss: $3.55
š Take Profit Levels:
TP1: $3.20
TP2: $3.10
TP3: $3.00
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š Technical Indicators
MACD: Bearish momentum strengthening, with increased selling volume.
Trend: Lower highs and lower lows signal a clear bearish structure.
Volume: Declining, suggesting weaker buyer interest.
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ā ļø Pro Tip: Manage your risk carefully in this volatile market. Use tight stop-loss orders and monitor support levels for potential rebounds.
š¬ Are you shorting $FTT, or do you see a rebound opportunity? Let us know your strategy!
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