$FTT is trading at $3.1660, showing a downtrend after a recent high of $3.4000. The price is testing support near $3.1200, and a breakout or breakdown from this level will likely define the next trend.

Trade Setup:

Long Setup:

Entry: Above $3.2500 (Breakout confirmation)

Stop Loss (SL): $3.1500

Take Profit 1 (TP1): $3.4000

Take Profit 2 (TP2): $3.5500

Short Setup:

Entry: Below $3.1000 (Breakdown confirmation)

Stop Loss (SL): $3.2000

Take Profit 1 (TP1): $3.0000

Take Profit 2 (TP2): $2.9000

Technical Outlook:

$FTT is in a bearish phase, with the price consolidating near support. A breakout above $3.2500 could trigger a recovery toward $3.5500, while a breakdown below $3.1000 could extend losses toward $2.9000.

Traders are advised to monitor volume for confirmation and maintain tight stop-loss levels to manage risk effectively.

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