š $FTT
/USDT Technical Analysis & Price Targets šÆ
š The FTT/USDT pair is showing promising signs of a bullish continuation based on recent price action and technical indicators. Here's a detailed analysis:
Current Market Data
Price: $3.76 (+1.33%)
24H High/Low: $3.85 / $3.62
Volume: 5M FTT ($18.63M USDT)
Technical Overview
1ļøā£ Trend: The price is currently forming higher highs and higher lows on the daily chart, signaling a strong uptrend.
2ļøā£ RSI: Currently at 65, indicating bullish momentum but not yet overbought.
3ļøā£ Support & Resistance:
Key Support: $3.60
Immediate Resistance: $4.00
FTT/USDT Price Targets šÆ
Based on Fibonacci retracement and trend analysis:
1. Target 1: $4.20 ā Breaking $4.00 will confirm further upside momentum.
2. Target 2: $4.75 ā Mid-term resistance, aligning with the 1.618 Fibonacci level.
3. Target 3: $5.50 ā A potential psychological level if momentum sustains.
Risk Management & Strategy
šø Bullish Entry: Around $3.60-$3.75 with tight stop-loss at $3.50.
šø Watch Volume: Higher volume near resistance ($4.00) will indicate strength.
šø Profit-Taking: Consider partial exits at each target to secure profits.
š Summary
FTT/USDT has gained +45.73% in 30 days and +80.14% in 90 days, reflecting strong investor confidence. With favorable conditions, the pair could aim for the $4.75-$5.50 range in the coming weeks.
šØ Disclaimer: This is not financial advice. Always conduct your own research and trade responsibly.
Happy trading!
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