$FTT /USDT: Breakout from Consolidation – Key Levels for Quick Trading

Currently, $FTT /USDT is priced at $3.2276, reflecting an increase of 8.67% for the day, indicating a bullish trend following a retreat from its 24-hour peak of $3.5700.

Analyzing the 15-minute chart reveals that the price is consolidating within a tight range, presenting a prime opportunity for a swift scalping trade.

Traders can consider entering a long position at $3.2300, with profit targets established at $3.2700 (TP1), $3.3100 (TP2), and $3.3500 (TP3) to secure incremental profits.

To mitigate risk, it is advisable to set a stop loss at $3.1500.

As momentum indicators show signs of stabilization, this strategy facilitates effective profit realization while ensuring a clearly defined risk-to-reward ratio.

Monitoring volume will be essential for validating the strength of the breakout.

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