š Technical Analysis of #FTT/USDT : Bullish Momentum
The $FTT pair has experienced a +3.64% increase over the last 24 hours, currently trading at 2.8441 USDT. The price has fluctuated between 2.4902 USDT (low) and 2.9430 USDT (high), showing moderate volatility. With strong support at 2.4902 USDT and resistance at 2.9430 USDT, the market is positioned for potential further gains if the resistance is broken. Key indicators such as the 50 EMA and 200 EMA are both trending upward, signaling continued bullish momentum. The MACD and Parabolic SAR also support the positive outlook, suggesting that the upward trend could persist.
For traders, the breakout above 2.9430 USDT could lead to a rally toward 3.00 USDT, while a drop below 2.70 USDT may signal a pullback, with support around 2.49 USDT and 2.45 USDT. With strong volume and a bullish technical setup, traders may consider long positions near current levels, using stop-loss orders below 2.70 USDT for protection. Should the price decline below key support, watching for a short position setup could also be a strategy. Stay alert to market shifts for optimal entry points.
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