$FTT /USDT: Short Trade Opportunity!🔥💯
📉 Market Analysis:
The price is following a clear descending channel, confirming a strong bearish trend. Current price action near $3.4448 suggests potential for further downside momentum.
✍️ Trade Plan (Short Position):
1️⃣ Entry Point:
• Short at $3.4400 after confirmation of a bearish candle below the midline of the channel.
2️⃣ Stop Loss (SL):
• Place SL at $3.5200 (above the upper channel boundary for safety).
3️⃣ Take Profit (TP):
• TP1: $3.3700 (lower channel boundary).
• TP2: $3.3000 (if the price breaks below the channel).
📊 Risk Management:
• Risk-Reward Ratio: ~1:3 (high reward for manageable risk).
• Always position size correctly: Never risk more than 2% of your capital on this trade.
✍️ Pro Tip:
• Look for RSI divergence or bearish volume spikes to validate the setup.
• Avoid opening trades during high-impact news events to reduce volatility risk.
Stay focused and disciplined for maximum profitability!
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