$FTT /USDT Trading Signal – Testing Key Support Amid Sell-Off

Current Price: $3.2983 (-7.30%)

24h Range: $3.2834 - $3.6457

24h Volume: 6.60M FTT

Observation:

FTT/USDT has dropped significantly, with the price nearing its 24-hour low of $3.2834. Bearish momentum dominates, but support at $3.28 could spark a short-term bounce or further decline if broken.

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Trading Plan (1H Timeframe):

Long Entry: $3.28 - $3.30

Targets:

T1: $3.40

T2: $3.50

T3: $3.60

Stop Loss: $3.20

Alternate Plan:

If price breaks below $3.28:

Short Entry: $3.28 - $3.25

Targets:

T1: $3.20

T2: $3.10

Stop Loss: $3.35

Analysis:

MACD remains in bearish territory, suggesting continued downward pressure. A sustained break below $3.28 could open the door for further declines, while a rebound above $3.35 might signal a recovery attempt.

Strategy Advice: Be cautious and use tight stop-loss levels. Secure profits early as this is a high-risk trade in a volatile market environment.

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