FTT/USDT Technical Analysis & Trade Signal
Current Price: $3.34
Trend: Bullish (Upward momentum)
Technical Indicators:
24h High: $3.60
24h Low: $2.64
SAR (Stop and Reverse): $3.0659 (indicating an upward trend)
Support: $3.00 (Recent low and SAR level)
Resistance: $3.60 (24h high)
Momentum:
The price is currently in an upward trend, with a +12.07% increase over the past 24 hours.
Positive momentum is indicated by higher lows and consistent volume increase in USDT (37.33M).
The Depth at $3.64 suggests further potential upside if the price breaks above current resistance.
Trade Signal:
Buy Signal: Above $3.35, targeting an upward movement toward resistance levels.
Stop Loss: Below $3.00 (protecting from reversal)
Target Levels 🎯:
1. Target 1: $3.50 (near-term resistance)
2. Target 2: $3.60 (24h high, next strong resistance)
3. Target 3: $3.80 (extended upside if bullish momentum continues)
Conclusion:
Given the current trend and positive technical indicators, this pair is showing bullish momentum. Entry above $3.35 can be considered, with the first target at $3.50 and further potential towards $3.60. Keep an eye on volume and price action for confirmation.