$FTT
/USDT Technical Analysis and Trade Signal 🚀 🎯
Current Price: $2.77 (+23.21%)
The price is experiencing strong upward momentum, supported by high trading volumes and bullish technical indicators.
Indicators:
1. Bollinger Bands:
Current price is significantly above the upper band ($2.4109), indicating overbought conditions but strong momentum.
Potential consolidation if the price cannot maintain above $2.77.
2. SAR: 2.0190
The SAR indicates a bullish trend as it lies below the price. A shift in SAR would signal trend reversal, which is currently distant.
3. Momentum: Bullish
The breakout above the Bollinger Band upper boundary confirms positive momentum.
Volume is rising significantly, suggesting sustained interest in FTT.
Trade Signal for FTT/USDT:
Trade Momentum: Bullish
Current trend suggests continuation, but short-term pullbacks are possible due to overbought conditions.
Entry Zone:
Consider entering around $2.65-$2.80 (on slight retracement).
Alternatively, aggressive entries can be made at the current price of $2.77, targeting further upside.
Target Levels 🎯:
1. Target 1: $3.05 (24h high and first resistance)
2. Target 2: $3.30 (key psychological level and Fibonacci extension zone)
3. Target 3: $3.50 (major resistance level)
Stop-Loss:
Place a stop-loss at $2.45 (below the Bollinger Middle Band and key support).
Caution:
If the price fails to sustain above $2.77, expect support near $2.10 (Bollinger Middle Band).
Overbought conditions may trigger profit-taking; monitor volume and SAR closely for trend changes.
#COSSocialFiRevolution #BTC100KToday? #BinancePoolFractalBitcoin #BTC97KNewATH #EyesOnBTC
