$FTT /USDT Analysis on Binance
đ Current Price: $2.8432
đ Market Sentiment: Consolidation phase after testing resistance at $2.92, with support around $2.78.
Key Levels to Watch:
Resistance: $2.92
Support: $2.78
Analysis:
The chart shows sideways movement with increasing volume near resistance levels, signaling a possible breakout.
The MACD indicator is nearing a bullish crossover, suggesting upward momentum may be building.
Trade Signal:
Scenario 1: Long Position
Entry Zone: $2.84 - $2.86
Target Prices:
TP1: $2.92
TP2: $3.00
Stop Loss: $2.78
Scenario 2: Short Position (if breakdown occurs)
Entry Zone: Below $2.78
Target Prices:
TP1: $2.72
TP2: $2.65
Stop Loss: $2.85
đ Strategy:
Watch for a breakout above $2.92 with strong volume for a bullish continuation.
In case of rejection, look for a short setup near $2.78 support.
â ïž Use proper risk management and monitor key levels closely.
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