“FTT/USDT: Navigating the Momentum – Trade Plan and Key Levels”

FTT/USDT Trade Plan

• Bias: Neutral to short-term bullish, with a focus on managing potential pullbacks.

Updated Entry Zone:

• Primary Entry: $3.60 - $3.70 (current level, near a consolidation area)
• Secondary Entry (Pullback Buy): $3.40 - $3.50 (if price retraces)

Target Profit (TP):

• TP1: $3.90 (local resistance level)
• TP2: $4.20 (psychological barrier and significant resistance)

Stop-Loss (SL):

• Place a stop-loss at $3.40 to limit downside risks.

Analysis

1. Momentum: FTT has shown strong upward momentum over recent weeks, recovering from lows and moving steadily higher.
2. Resistance Ahead: The $3.90-$4.00 zone could act as significant resistance, so partial profit-taking is recommended at this level.
3. Volume & Volatility: Ensure continued volume supports the current price level, as a lack of buying momentum could lead to a retracement.

Risk Management

FTT’s past association with the collapse of FTX makes it inherently volatile and susceptible to sharp moves. Use a conservative position size and watch for news or regulatory developments that could impact sentiment.

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FTT/USDT Price Overview 📊

Current Price: $2.1252
24h Change: +52.77% 🚀 (Gainer Alert!)

**Trading Data:**
- 24h High: $2.99
- 24h Low: $1.38
- 24h Volume (FTT): 63.47M
- 24h Volume (USDT): 142.42M

**Moving Averages:**
- MA(7): $2.0687
- MA(25): $2.3048
- MA(99): $1.7542

Market Depth Insights:
Resistance Levels: $2.5165, $3.0610
Support Levels: $1.9721, $1.5713, $1.4277

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