$FTT /USDT Short Trade Setup 🚨
📉 Market Overview:
$FTT is adhering to a well-defined descending channel, signaling a continuation of the bearish trend. Current price activity near $3.4448 indicates a high likelihood of further downside pressure.

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Trade Plan (Short Position):

1️⃣ Entry:

Enter short at $3.4400, following confirmation of a bearish candle below the channel midline.

2️⃣ Stop Loss (SL):

Set SL at $3.5200 to safeguard against potential breakouts above the channel.

3️⃣ Take Profit (TP):

TP1: $3.3700 (initial target near the lower channel boundary).

TP2: $3.3000 (extended target if price breaks below the channel).

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Risk Management:

Risk-Reward Ratio: ~1:3, ensuring attractive returns for controlled risk.

Capital Allocation: Limit risk to 2% of your trading capital for this position.

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Pro Tips for Validation:

Look for RSI bearish divergence or increased selling volume to confirm momentum.

Avoid trading during high-impact news events to mitigate unnecessary volatility risks.

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🚨 Stay Disciplined: Trading is all about sticking to the plan and managing emotions. Monitor the trade setup closely and follow your rules for execution!

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