$FTM
/USDT Technical Analysis & Trade Signal:💯🔥🚀
Current Price: 0.7780 USDT
24h Change: +10.62%
Technical Indicators:
RSI: 65 (approaching overbought, potential for pullback)
MACD: Bullish crossover (indicating upward momentum)
Support: 0.6634 USDT (24h low)
Resistance: 0.7841 USDT (recent high)
Trade Signal:
Momentum: Bullish, with short-term upward potential.
Trade Strategy: Buy on pullbacks near support, aiming for resistance levels.
Target Levels:
1. Target 1: 0.7850 USDT (first resistance area)
2. Target 2: 0.80 USDT (psychological resistance level)
3. Target 3: 0.8250 USDT (higher resistance)
Risk Management:
Stop Loss: 0.74 USDT (below recent support, 4% below current price)
Potential Upside: 5-7% over the short-term if the bullish momentum continues.
Monitor momentum carefully as RSI approaches overbought territory—consolidation may follow near the resistance range.