šŸ“Š $FTT

/USDT Technical Analysis & Price Targets šŸŽÆ

šŸš€ 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

1ļøāƒ£ Trend: The price is currently forming higher highs and higher lows on the daily chart, signaling a strong uptrend.

2ļøāƒ£ RSI: Currently at 65, indicating bullish momentum but not yet overbought.

3ļøāƒ£ Support & Resistance:

Key Support: $3.60

Immediate Resistance: $4.00

FTT/USDT Price Targets šŸŽÆ

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

šŸ”ø Bullish Entry: Around $3.60-$3.75 with tight stop-loss at $3.50.

šŸ”ø Watch Volume: Higher volume near resistance ($4.00) will indicate strength.

šŸ”ø Profit-Taking: Consider partial exits at each target to secure profits.

šŸ“ˆ 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.

šŸšØ Disclaimer: This is not financial advice. Always conduct your own research and trade responsibly.

Happy trading!

#Binance #FTTUSDT #Crypto #TradingAnalysis #Bullish